The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
No charge to pre-owned assets tax (POAT) can arise in respect of land or chattels if:
See the Pre-owned land and Pre-owned chattels guidance notes for full details of the disposal and contribution conditions. Excluded transactions for each of the two conditions are as listed below. Excluded transactions are of no relevance to the charge to POAT in respect of intangible property.
The disposal condition for land and chattels is not met where the disposal is:
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