Pre-owned asset tax
In the United Kingdom, Her Majesty's Revenue and Customs acted against certain inheritance tax (IHT) avoidance schemes by imposing a standalone income tax charge. The tax was introduced in the Finance Act 2004 and came into effect from 6 April 2005.
This has become known as pre-owned assets tax (POAT). POAT applies where an individual disposes of an asset but somehow retains the ability to use or enjoy it. POAT is never applicable when IHT is; therefore, the media and public have granted the issue little attention. POAT is also a retroactive tax: even if an action had no IHT repercussions at the time, POAT may be applied years after the action.
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Boom
by: P.O.D.Push up
Haha, I never knew that a kid like me
Could take his mic around the world
(World)
Flash the big S.D.
And rock the masses
From Madrid to Calabasas
Tijuana, Mexico
Bootleg demos in Tokyo
Say they know me though
'Cause I'll be puttin' in work
Commit my life to rebirth
Well respected, 'cause that's my word
And I'm sure you heard
(Heard)
'Bout a new sound goin' 'round
She might have left my hood
But she was born in my town
You didn't know, thought we was new on the scene
(Well it's alright, it's alright)
I know you know, I see you smilin' at me
(Well it's alright, it's alright)
Boom!
Here comes the
Boom!
Ready or not?
Here comes the boys from the South
Boom!
Here comes the
Boom!
Ready or not?
How you like me now?, I say
We rep the South
So what you talkin' 'bout?
I'm not runnin' off my mouth
I know this without a doubt
'Cause if you know these streets
Then these streets know you
An' when it's time to handle business
Then you know what to do
(What to do)
Me and my crew
We stay true, old skool or new
Many were called
But the chosen are few
(We are few)
We rise to the top
What you want, just in case you forgot
Rush the stage, grab my mic
Show me what you got?
You didn't know, thought we was new on the scene
(Well it's alright, it's alright)
I know you know, I see you smiling at me
(Well it's alright, it's alright)
Boom!
Here comes the
Boom!
Ready or not?
Here comes the boys from the South
Boom!
Here comes the
Boom!
Ready or not ?
How you like me now?, I say
Boom!
Here comes the
Boom!
Ready or not?
Here comes the boys from the South
Boom!
Here comes the
Boom!
Ready or not?
How you like me now?
Is that all you got?, haha
I'll take your best shot
Is that all you got?, ha ha
I'll take your best shot
Is that all you got?, I'll take your best shot
Is that all you got?, I'll take your best shot
Is that all you got?, I'll take your best shot
I'll take your best shot, I'll take your best shot
Is that all you got?
(Well it's alright, it's alright)
I'll take your best shot
Is that all you got?
(Well it's alright, it's alright)
I'll take your best shot
Is that all you got?, I'll take your best shot
(Well it's alright, it's alright)
Take your best shot, take your best shot
Is that all you got?, I'll take your best shot
(Well it's alright, it's alright)
Take your best shot, take your best shot
Boom!
Here comes the
Boom!
Ready or not?
Here comes the boys from the South
Boom!
Here comes the
Boom!
Ready or not?
Haha, how you like me now?, I say
Boom!
Here comes the
Boom!
Ready or not?
Here comes the boys from the South
Boom!
Here comes the
Boom!
Ready or not?