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This guidance note considers the pre-owed asset tax (POAT) as it applies to intangible property. The rules for intangible property differ significantly from that for land and chattels and the tax charge arises in more limited circumstances. For example, there must be a settlement with the individual as settlor.

For discussion of the regime generally, see the Pre-owned asset tax overview guidance note.

Intangible property is widely defined as any property other than chattels or interests in land. It includes such things as stocks and shares, securities, insurance policies and bank and building society accounts.