Pre-Owned Assets – Capital Tax Planning in the New Era

Book Review

Pre-Owned Assets — Capital Tax Planning in the New Era

By Emma Chamberlain and Chris Whitehouse with Barry McCutcheon

Few books can have been so eagerly awaited as this one on the pre-owned assets tax régime (POT) in the shadow of which private client practitioners and their clients have been living for the last year or so and which comes into effect on 6 April 2005.

The text of the book that is apart from its supplementary pages and appendices runs to some 254 pages. It is divided into four parts entitled 'Setting the Scene' 'How the Legislation Works' 'Planning in Practice: Reactive Planning' and 'Planning in Practice: Proactive Planning'. The style as might be expected from these well-known authors is both lucid and interesting. The text is split up...