Submission of an HS295 - does the timing matter?

[jokerman]

Hi

Does an HS295 to holdover a gain need to be dated/signed and submitted before the shares are then subsequently sold by the recipient? Or can the claim to hold over be made after the event even if the shares have subsequently been sold by the recipient?

Thanks

[bd6759]

There is no specific time limit for making a claim, therefore the normal time limit at s43 TMA will apply - that is 4 years from the end of the tax year of the gift.