I3.750 POAT—introduction to existing arrangements
The examples of everyday transactions which might attract the pre-owned assets tax (POAT) provisions are too many and too various to consider comprehensively in this Division. It is simply a case of applying the legislation to the facts in issue. However, practitioners may well have clients who have engaged in some of the better known avoidance schemes and it may therefore be helpful to consider how these are affected (discussed at I3.751–I3.756)1. Most of these schemes have typically concerned the family home. It is assumed in each case that the arrangements in question were entered into after 17 March 1986 and before the introduction of
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