0 not new; having been owned in the past by someone else: --
1 previously owned by someone else: --
They are reconditioning used cars for sale as certified pre-owned vehicles.
A Swan, pre-owned or new, is a real investment.
On a larger scale, textile recycling warehouses, who grade used or pre-owned clothes have become very prominent and influential in the second-hand trade.
It also operates a network of pre-owned car dealerships.
Refurbished products are normally tested for functionality and defects before they are sold, and thus are the approximate equivalent of certified pre-owned cars.
There are variations as to what is termed certified pre-owned, so the distinctions are important.
Paragraph 11(3)(a) of schedule 15 seeks to prevent a double charge by exempting from the pre-owned assets provisions property so subject to the gifts with reservation rules.
Clause 84 will introduce an income tax charge on pre-owned assets to ensure that people use trusts for legitimate transactions, not to achieve unfair tax avoidance.
If a child moves in with a parent, who gives the child half a share in the property, there is currently no pre-owned assets charge.
There is a mismatch between the gifts with reservation of benefit exemption and the pre-owned assets provision.
