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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 / I3.737A POAT—exemption where the GWR rules would apply but for a let-out
Commentary

I3.737A POAT—exemption where the GWR rules would apply but for a let-out


IHT, trusts and estates

The gifts with reservation exemption from the POAT charge extends to property that would have been subject to the gifts with reservation rules but for certain specified let-outs contained in FA 2004, Sch 15, para 11(5):

  1. Ìý

    •ÌýÌýÌýÌý Any of the exemptions in FA 1986, s 102(5)(d)–(i), which cover certain cases where disposal by way of gift is an exempt transfer for inheritance tax purposes. This includes gifts to charities, gifts to political parties, gifts to housing associations, gifts for national purposes etc, maintenance funds for historic buildings, employee trusts and employee ownership trusts

  2. Ìý

    •ÌýÌýÌýÌý Co-occupation of an undivided share of land under FA 1986, s 102B(4).

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