AIMing to alleviate IHT

Investment in the shares of qualifying companies listed on the London Stock Exchange's junior alternative investment market (AIM) has become an extremely effective, proven and non-contentious inheritance tax (IHT) planning method. Under legislation introduced in 1996, individual investors in qualifying AIM quoted companies benefit from the rules on Business Property Relief as AIM shares are designated "unlisted". Investment in the shares in 'qualifying' AIM quoted companies held for two years or more gain 100% relief from inheritance tax. The short two-year qualification period and continu...