Equilibrium plans AIM portfolio to reduce IHT costs

The Cheshire-based wealth management firm said inheritance tax planning is becoming a common concern for clients who are looking for ways to reduce potential high costs. One solution is to invest in AIM shares as, under HM Revenue & Customs rules, certain AIM and unlisted shares qualify for Business Property Relief. This means once they have been held by an investor for a minimum of two years, they are exempt from inheritance tax. As a result, the firm said it is looking to utilise this by setting up its own AIM portfolios, and has hired Neal Foundly to spearhead the move. Foundly jo...