Take AIM: How the new rules aid IHT planning

ISAs, as we all know, are useful tax-efficient vehicles. Until recently, however, their tax benefits have been limited to providing income and capital gains relief only. For those of us who remember good old PEPs, where HM Revenue & Customs (HMRC) evolved the rules that led to the birth of ISAs, so too has it relaxed the rules on ISAs so that cash products can be merged with stocks and shares counterparts to create one big pool. Furthermore, as of 5 August last year, HMRC permitted the inclusion of AIM-listed stocks within ISAs. Many advisers have historically advised clients - rig...