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Pre-owned Assets Tax
Pre-owned assets tax (POAT) can be payable when a donor continues to benefit from an asset (typically a house) that they have given away either to a beneficiary such as their son or daughter or to a trust and whether with immediate effect or otherwise.
This is a tax trap that donors and trustees should keep under regular review.
At Hart Brown our specialist lawyers and independent financial advisers can help with all your tax planning including advising on the tax implications if you dispose of any assets inside or outside a trust.
To speak to someone who can help with pre-owned assets tax call, email or request a call back from one of our specialist lawyers.