Gift Holdover Relief and the Cost of Getting Capital Gains Tax Timing Wrong
Capital Gains Tax is not just about how much tax is paid. In many cases, it is about when it is paid. Getting the timing wrong can turn what looks like sensible planning into a long term problem that follows an asset for years. This is exactly where gift holdover relief comes into play. It is often approached as a way to avoid an immediate tax bill, but that is only part of the story. The real...
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