Gift holdover relief allows the CGT on a gift of certain qualifying assets to be deferred. Rather than the donor paying CGT at the time of the gift, the gain is effectively passed to the recipient, who takes on the asset at the donor’s base cost. CGT is then triggered when the recipient eventually disposes of the asset. Holdover relief is available on gifts of qualifying business assets and assets attracting IHT Business Property Relief. It is not available on gifts of investment properties or most non-business assets to individuals.