AIFA has welcomed moves to make AIM shares eligible as a tax-advantaged ISA investment, but says the Chancellor held back on support for small businesses.
Darling said the Government committment to preserving ISAs as "simple, flexible and accessible tax-advantaged savings vehicles", would link up with its wish to continue supporting small and growing businesses. In a move welcomed by the Association of IFAs (AIFA), the Budget stated: "In this context, [the Government] intends to consult on allowing Alternative Investment Market (AIM) shares to be eligible as a tax-advantaged investment for retail savers." AIFA director general Chris Cummings says: "IFAs can list on AIM and so this offers potential new sources of capital for IFA expansi...
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