½Û×ÓÊÓÆµ

Home / Simons-Taxes /IHT, trusts and estates /Part I3 Lifetime transfers /Division I3.7 Pre-owned assets tax (POAT) /POAT—exclusions and exemptions / I3.738A POAT—equity release exemption
Commentary

I3.738A POAT—equity release exemption

IHT, trusts and estates

When initially enacted, the POAT legislation inadvertently caught some commercial equity release schemes which involve a sale of part of the property subject to continued occupation. The government used its power to confer further exemptions by regulations1 to correct this oversight.

Under this extended exemption, POAT charging provisions on land and chattels2 do not apply to a person in relation to a disposal of part of an interest

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial

Web page updated on 17 Mar 2025 17:12