diff --git a/src/libs/ReportUtils.ts b/src/libs/ReportUtils.ts
index 223e94e0bdde..faf43a4f21bc 100644
--- a/src/libs/ReportUtils.ts
+++ b/src/libs/ReportUtils.ts
@@ -3275,6 +3275,18 @@ const changeMoneyRequestHoldStatus = (reportAction: OnyxEntry<ReportAction>, bac
     }
 };
 
+function changePreviewHoldStatus(isOnHold: boolean, transactionID: string, reportID: string): void {
+    const report = getReport(reportID ?? '-1');
+    const policy = allPolicies?.[`${ONYXKEYS.COLLECTION.POLICY}${report?.policyID}`] ?? null;
+
+    if (isOnHold) {
+        IOU.unholdRequest(transactionID, reportID);
+    } else {
+        const activeRoute = encodeURIComponent(Navigation.getActiveRouteWithoutParams());
+        Navigation.navigate(ROUTES.MONEY_REQUEST_HOLD_REASON.getRoute(policy?.type ?? CONST.POLICY.TYPE.PERSONAL, transactionID, reportID, activeRoute));
+    }
+}
+
 /**
  * Gets all transactions on an IOU report with a receipt
  */
@@ -8609,6 +8621,7 @@ export {
     isCurrentUserInvoiceReceiver,
     isDraftReport,
     changeMoneyRequestHoldStatus,
+    changePreviewHoldStatus,
     isAdminOwnerApproverOrReportOwner,
     createDraftWorkspaceAndNavigateToConfirmationScreen,
     isChatUsedForOnboarding,
diff --git a/src/pages/home/report/ContextMenu/BaseReportActionContextMenu.tsx b/src/pages/home/report/ContextMenu/BaseReportActionContextMenu.tsx
index 2e92669aa8c5..352c90ea348b 100755
--- a/src/pages/home/report/ContextMenu/BaseReportActionContextMenu.tsx
+++ b/src/pages/home/report/ContextMenu/BaseReportActionContextMenu.tsx
@@ -14,7 +14,6 @@ import useEnvironment from '@hooks/useEnvironment';
 import useKeyboardShortcut from '@hooks/useKeyboardShortcut';
 import useLocalize from '@hooks/useLocalize';
 import useNetwork from '@hooks/useNetwork';
-import usePaginatedReportActions from '@hooks/usePaginatedReportActions';
 import useResponsiveLayout from '@hooks/useResponsiveLayout';
 import useStyleUtils from '@hooks/useStyleUtils';
 import * as PolicyUtils from '@libs/PolicyUtils';
@@ -143,43 +142,6 @@ function BaseReportActionContextMenu({
 
     const [download] = useOnyx(`${ONYXKEYS.COLLECTION.DOWNLOAD}${sourceID}`);
 
-    const childReport = ReportUtils.getReport(reportAction?.childReportID ?? '-1');
-    const parentReportAction = ReportActionsUtils.getReportAction(childReport?.parentReportID ?? '', childReport?.parentReportActionID ?? '');
-    const {reportActions: paginatedReportActions} = usePaginatedReportActions(childReport?.reportID ?? '-1');
-
-    const transactionThreadReportID = useMemo(
-        () => ReportActionsUtils.getOneTransactionThreadReportID(childReport?.reportID ?? '-1', paginatedReportActions ?? [], isOffline),
-        [childReport?.reportID, paginatedReportActions, isOffline],
-    );
-
-    const [transactionThreadReport] = useOnyx(`${ONYXKEYS.COLLECTION.REPORT}${transactionThreadReportID}`);
-
-    const isMoneyRequestReport = useMemo(() => ReportUtils.isMoneyRequestReport(childReport), [childReport]);
-    const isInvoiceReport = useMemo(() => ReportUtils.isInvoiceReport(childReport), [childReport]);
-
-    const requestParentReportAction = useMemo(() => {
-        if (isMoneyRequestReport || isInvoiceReport) {
-            if (!paginatedReportActions || !transactionThreadReport?.parentReportActionID) {
-                return undefined;
-            }
-            return paginatedReportActions.find((action) => action.reportActionID === transactionThreadReport.parentReportActionID);
-        }
-        return parentReportAction;
-    }, [parentReportAction, isMoneyRequestReport, isInvoiceReport, paginatedReportActions, transactionThreadReport?.parentReportActionID]);
-
-    const moneyRequestAction = transactionThreadReportID ? requestParentReportAction : parentReportAction;
-
-    const [parentReportNameValuePairs] = useOnyx(`${ONYXKEYS.COLLECTION.REPORT_NAME_VALUE_PAIRS}${childReport?.parentReportID ?? '-1'}`);
-    const parentReport = ReportUtils.getReport(childReport?.parentReportID ?? '-1');
-
-    const isMoneyRequest = useMemo(() => ReportUtils.isMoneyRequest(childReport), [childReport]);
-    const isTrackExpenseReport = ReportUtils.isTrackExpenseReport(childReport);
-    const isSingleTransactionView = isMoneyRequest || isTrackExpenseReport;
-    const isMoneyRequestOrReport = isMoneyRequestReport || isSingleTransactionView;
-
-    const areHoldRequirementsMet =
-        !isInvoiceReport && isMoneyRequestOrReport && !ReportUtils.isArchivedRoom(transactionThreadReportID ? childReport : parentReport, parentReportNameValuePairs);
-
     const shouldEnableArrowNavigation = !isMini && (isVisible || shouldKeepOpen);
     let filteredContextMenuActions = ContextMenuActions.filter(
         (contextAction) =>
@@ -197,8 +159,6 @@ function BaseReportActionContextMenu({
                 isOffline: !!isOffline,
                 isMini,
                 isProduction,
-                moneyRequestAction,
-                areHoldRequirementsMet,
                 user,
             }),
     );
@@ -319,7 +279,6 @@ function BaseReportActionContextMenu({
                             interceptAnonymousUser,
                             openOverflowMenu,
                             setIsEmojiPickerActive,
-                            moneyRequestAction,
                             hasCard: !!card,
                         };
 
diff --git a/src/pages/home/report/ContextMenu/ContextMenuActions.tsx b/src/pages/home/report/ContextMenu/ContextMenuActions.tsx
index 6f3a1e8e565a..381406aef3af 100644
--- a/src/pages/home/report/ContextMenu/ContextMenuActions.tsx
+++ b/src/pages/home/report/ContextMenu/ContextMenuActions.tsx
@@ -67,8 +67,6 @@ type ShouldShow = (args: {
     isOffline: boolean;
     isMini: boolean;
     isProduction: boolean;
-    moneyRequestAction: ReportAction | undefined;
-    areHoldRequirementsMet: boolean;
     user: OnyxEntry<User>;
 }) => boolean;
 
@@ -87,7 +85,6 @@ type ContextMenuActionPayload = {
     event?: GestureResponderEvent | MouseEvent | KeyboardEvent;
     setIsEmojiPickerActive?: (state: boolean) => void;
     anchorRef?: MutableRefObject<View | null>;
-    moneyRequestAction: ReportAction | undefined;
     hasCard?: boolean;
 };
 
@@ -267,16 +264,24 @@ const ContextMenuActions: ContextMenuAction[] = [
         isAnonymousAction: false,
         textTranslateKey: 'iou.unhold',
         icon: Expensicons.Stopwatch,
-        shouldShow: ({type, moneyRequestAction, areHoldRequirementsMet}) =>
-            type === CONST.CONTEXT_MENU_TYPES.REPORT_ACTION && areHoldRequirementsMet && ReportUtils.canHoldUnholdReportAction(moneyRequestAction).canUnholdRequest,
-        onPress: (closePopover, {moneyRequestAction}) => {
+        shouldShow: ({type, reportAction}) => {
+            const areHoldRequirementsMet = !!reportAction?.childHoldData;
+            const isOnHold = !!reportAction?.childHoldData?.isOnHold;
+
+            return type === CONST.CONTEXT_MENU_TYPES.REPORT_ACTION && areHoldRequirementsMet && !isOnHold;
+        },
+        onPress: (closePopover, {reportAction}) => {
+            const isOnHold = !!reportAction?.childHoldData?.isOnHold;
+            const transactionID = reportAction.childHoldData?.transactionID ?? '-1';
+            const reportID = reportAction.childHoldData?.reportID ?? '-1';
+
             if (closePopover) {
-                hideContextMenu(false, () => ReportUtils.changeMoneyRequestHoldStatus(moneyRequestAction));
+                hideContextMenu(false, () => ReportUtils.changePreviewHoldStatus(isOnHold, transactionID, reportID));
                 return;
             }
 
             // No popover to hide, call changeMoneyRequestHoldStatus immediately
-            ReportUtils.changeMoneyRequestHoldStatus(moneyRequestAction);
+            ReportUtils.changePreviewHoldStatus(isOnHold, transactionID, reportID);
         },
         getDescription: () => {},
     },
@@ -284,16 +289,24 @@ const ContextMenuActions: ContextMenuAction[] = [
         isAnonymousAction: false,
         textTranslateKey: 'iou.hold',
         icon: Expensicons.Stopwatch,
-        shouldShow: ({type, moneyRequestAction, areHoldRequirementsMet}) =>
-            type === CONST.CONTEXT_MENU_TYPES.REPORT_ACTION && areHoldRequirementsMet && ReportUtils.canHoldUnholdReportAction(moneyRequestAction).canHoldRequest,
-        onPress: (closePopover, {moneyRequestAction}) => {
+        shouldShow: ({type, reportAction}) => {
+            const areHoldRequirementsMet = !!reportAction?.childHoldData;
+            const isOnHold = !!reportAction?.childHoldData?.isOnHold;
+
+            return type === CONST.CONTEXT_MENU_TYPES.REPORT_ACTION && areHoldRequirementsMet && isOnHold;
+        },
+        onPress: (closePopover, {reportAction}) => {
+            const isOnHold = !!reportAction?.childHoldData?.isOnHold;
+            const transactionID = reportAction.childHoldData?.transactionID ?? '-1';
+            const reportID = reportAction.childHoldData?.reportID ?? '-1';
+
             if (closePopover) {
-                hideContextMenu(false, () => ReportUtils.changeMoneyRequestHoldStatus(moneyRequestAction));
+                hideContextMenu(false, () => ReportUtils.changePreviewHoldStatus(isOnHold, transactionID, reportID));
                 return;
             }
 
             // No popover to hide, call changeMoneyRequestHoldStatus immediately
-            ReportUtils.changeMoneyRequestHoldStatus(moneyRequestAction);
+            ReportUtils.changePreviewHoldStatus(isOnHold, transactionID, reportID);
         },
         getDescription: () => {},
     },
diff --git a/src/types/onyx/ReportAction.ts b/src/types/onyx/ReportAction.ts
index d157e82999f9..64d66f9ac72b 100644
--- a/src/types/onyx/ReportAction.ts
+++ b/src/types/onyx/ReportAction.ts
@@ -130,6 +130,18 @@ type Person = {
     text?: string;
 };
 
+/** Model of data required for hold */
+type HoldData = {
+    /** Is currently held */
+    isOnHold?: boolean;
+
+    /** ID of held transaction */
+    transactionID?: string;
+
+    /** ID of held report */
+    reportID?: string;
+};
+
 /** Main properties of report action */
 type ReportActionBase = OnyxCommon.OnyxValueWithOfflineFeedback<{
     /** The ID of the reportAction. It is the string representation of the a 64-bit integer. */
@@ -213,6 +225,9 @@ type ReportActionBase = OnyxCommon.OnyxValueWithOfflineFeedback<{
     /** Amount of money requests */
     childMoneyRequestCount?: number;
 
+    /** Hold data tied to report action */
+    childHoldData?: HoldData;
+
     /** Whether the report action is the first one */
     isFirstItem?: boolean;