POAT: Out Of The Frying Pan Into The Fire? Part 2
Some possible exceptions to the pre-owned assets income tax charge, as it applies to land and property. The pre-owned assets tax (POAT) is an income tax charge that can be an unexpected and unpleasant surprise for some individuals. Fortunately, the scope of POAT is restricted by a number of excluded transactions and exemptions from the […]
POAT: Out Of The Frying Pan Into The Fire? Part 2
Some possible exceptions to the pre-owned assets income tax charge, as it applies to land and property. The pre-owned assets tax (POAT) is an income tax charge that can be an unexpected and unpleasant surprise for some individuals. Fortunately, the scope of POAT is restricted by a number of excluded transactions and exemptions from the […]
POAT: Out Of The Frying Pan Into The Fire? Part 1
An overview of the pre-owned assets tax charge as it applies to land and properties. Individuals (and advisers) will sometimes need to consider whether ‘pre-owned assets tax’ (POAT) applies, such as (but not necessarily) if inheritance tax (IHT) planning is undertaken. The POAT rules broadly charge income tax on benefits received by former owners of […]