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Home / Simons-Taxes /IHT, trusts and estates /Part I3 Lifetime transfers /Division I3.7 Pre-owned assets tax (POAT) /POAT—exclusions and exemptions / I3.735 POAT—general scheme of exemptions
Commentary

I3.735 POAT—general scheme of exemptions


IHT, trusts and estates

There are a number of exemptions from the pre-owned assets tax (POAT) charge otherwise arising on land, chattels or intangible property, and these fall broadly into five categories, namely exemptions for:

  1. Ìý

    •ÌýÌýÌýÌý property that is in the taxpayer's estate for inheritance tax1 (see I3.736)

  2. Ìý

    •ÌýÌýÌýÌý property that is subject to a reservation of benefit2

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