However, this is not an exhaustive list of assigned matters. Limitation on exercise of powers by immigration officers Find out more about disposals and their relationship with CGT, Hold-over Relief and Inheritance Tax. The Inheritance Tax Manual also covers some of these matters in more detail. Transferors and transferees that qualify for Hold-over Relief

Where Hold-over Relief has been given on the disposal of a house, there may be restrictions on the entitlement to private residence relief on a subsequent disposal. Find more information in Helpsheet 283 Private Residence Relief. Disposals that qualify for Hold-over Relief in relation to a search undertaken by an officer of Revenue and Customs, an officer of Revenue and Customs of a rank designated by the Commissioners for Revenue and Customs as equivalent to a police officer of at least the rank of inspector; This relief covers works of art, historic houses and other property of sufficient standard to be regarded as part of the national heritage. There are reliefs for both CGT and Inheritance Tax. Exemption from CGT may be available for certain transactions for designated property. Find out more in the Inheritance Tax Manual. Tax instalments where there’s liability on a gift judicial officer” is, in relation to England and Wales, a justice of the peace; in relation to Northern Ireland, a lay magistrate; [footnote 3] and in relation to Scotland, a sheriff;A prior approval to search given by a judicial officer will continue in force for the period specified, set according to the circumstances of the case. A senior officer approval should only continue in force for the time period required for the urgency of the case – if the search is not urgent then prior approval should be sought from a judicial officer. Refusal of prior approval generalisations or more stereotypical images that certain groups or categories of people are more likely to be involved in criminal activity. The powers to search for cash are exercisable by an officer of Revenue and Customs only if the officer has reasonable grounds for suspecting that the unlawful conduct through which the cash was obtained, or for which the cash is intended to be used, relates to an “assigned matter” within the meaning of the Customs and Excise Management Act 1979. Hold-over Relief is available where the disposal is a chargeable transfer for Inheritance Tax purposes, but not a Potentially Exempt Transfer ( PET).

Hold-over Relief is available on the disposal of a business asset. This is an asset which is used for the purposes of a trade, profession or vocation carried on by:

Changes to legislation:

You can find explanations of the various kinds of trusts and the relationship between CGT, Hold-over Relief and Inheritance Tax in the Capital Gains Tax Manual in the section Trusts and Capital Gains Tax with the subheading Changes to IHT from 22 March 2006. The Inheritance Tax Manual also covers some of these matters in more detail. Category 6 Gifts of interests in UK land to or from non-UK residents Section 289 provides powers for officers to search for cash (subject to the limitations below) where: