»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp POA charge does not apply to a person for any year of assessment during which they are not resident in the UK, FA04/Sch15/Para12(1). Residence here has its normal meaning for income tax purposes.

Example

David gave his son a sum of money in 2005 which is used to purchase a property for David to live in. David is liable to the POA charge from 6 April 2005; but he goes abroad on 1 May 2008 and remains there. David will be liable to the POA charge for 2005/06 and 2006/07, but he will not be liable in 2008/09 or later years unless his visits back to the UK result in him being treated as resident in the UK.

»Ê¹ÚÌåÓýapp position, should David return to the UK to live, is outlined at IHTM44012 (calculation of charge examples).