Poat to impact on UK real estate trusts

British investors who have real estate placed in a trust through a life policy will now have to pay 5% of the value yearly, according to announcements made by UK's Inland Revenue on Pre-Owned Assets Tax (Poat). The regulations are likely to impact investors who have more than £100,000 in these types of trusts and receive benefits of £5,000 a year or more. It is probable it will effect thousands of investors. Gerry Brown, technical manager for Scottish Life International, said: "The proposals discriminate against those trust arrangements that use life assurance policies as the underlyi...