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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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