HS295 Form

I am completing an HS295 form to claim hold over relief under section 165. If I am applying for deferment of valuation and providing an estimate at the date of transfer and an actual cost of acquisition do i still need to complete the gain held over figure on pg 1 (using the estimated figures), or should i leave that blank?

Hi,
Under the conditions of Statement of Practice SP8/92, HMRC will admit claims to holdover relief without requiring a computation of the held over capital gain. This is on the condition that the second page of the HS295 claim form is fully completed and that the estimated values are also declared on the tax return of the transferor in the tax year of the disposal, along with the relevant claim for holdover relief.
The estimated capital gain may, of course, be derived from the estimated figures you provide and for good practice may be entered in the gain held over box on the first page of the HS295 claim form.
Thank you.