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I3.710 The pre-owned assets tax (POAT) charge on land and chattels

A charge to income tax arises on an individual ('the chargeable person')¹ in respect of land where:

1. Ìý

   •ÌýÌýÌýÌý they occupy any land ('the relevant land'), whether alone or together with other persons, and

2. Ìý

   •ÌýÌýÌýÌý either the 'disposal condition' (see I3.711) or the 'contribution condition' (see I3.712) is met as in respect of that land²

. Where it applies, the 'chargeable amount' as defined for POAT purposes is treated as income chargeable to income tax³.

The POAT charge on chattels is broadly similar to that on land. However, while the charge on land depends on occupation of the land, the charge on a chattel depends on the possession or use of the chattel.

A charge to income tax arises on an individual ('the chargeable person') where:

1. Ìý

   •ÌýÌýÌýÌý they are in possession of, or have the use of, a chattel, whether alone or together with other persons, and

2. Ìý

   •ÌýÌýÌýÌý either