Pre-owned asset tax
id:
pre-owned-asset-tax-299-7941617
title:
Pre-owned asset tax
text:
In the United Kingdom, Her Majesty's Revenue and Customs acted against certain inheritance tax (IHT) avoidance schemes by imposing a standalone income tax charge. The tax was introduced in the Finance Act 2004 and came into effect from 6 April 2005. This has become known as pre-owned assets tax (POAT). POAT applies where an individual disposes of an asset but somehow retains the ability to use or enjoy it. POAT is never applicable when IHT is; therefore, the media and public have granted the iss
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Pre-owned_asset_tax
date created:
date modified:
2021-07-06T07:11:37Z
main entity:
{"identifier":"Q7239252","url":"https://www.wikidata.org/entity/Q7239252"}
image:
fields total:
13
integrity:
13