Pre-owned assets income tax charge
The pre-owned assets (POA) income tax charge was introduced in the Finance Act 2004 and the first year in which a POA charge could arise was back in 2005-6. The POA charge is
Tax on property, money and shares you inherit
As a general rule, someone who inherits property, money or shares is not liable to pay tax on the inheritance. This is because any Inheritance Tax (IHT) due should be paid out of
Claiming an “unclaimed” estate
There are special rules that govern how assets are divided if a person dies without making a will. If this happens your assets are passed on to family members in accordance with a