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Issue:
4472
/
Categories:
Comment & Analysis
, AIM
, business property relief
, Inheritance Tax
, Investments
, Land & property
, Lifetime gifts
IHT business property relief on AIM shares can be lost easily
KEY POINTS
- Advisers tend to think that AIM-listed shares qualify for business property relief.
- An often-overlooked requirement is that to qualify for business property relief shares listed on the AIM must not be listed on other stock exchanges.
- Investors can easily lose valuable inheritance tax relief through no fault of their own.
- Donors of AIM-listed shares also need to watch for any change in the listing of gifted shares.
- The situation with regards to business property relief compares poorly with entitlement to relief under the enterprise investment scheme for AIM-listed shares.
I decided to start my presentation on the following lines: “Not a lot of people know this – but the taxman does.”
The job of anyone giving the first lecture after lunch (the “graveyard slot”) is to grab...
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