The
new ISA rules allow AIM
shares to be held in an ISA.
Thus many investors could be looking to transfer their AIM shares into an ISA.
Certain
AIM shares benefit from Business Property
Relief (BPR). Once shares have been held by an investor for a minimum of
two years they are exempt from inheritance
tax. Investors holding these shares in their ISA for the two-year
qualifying period should benefit from virtually no taxes while they hold the
share, and no potential inheritance tax liability.
If
there is a transfer of AIM shares into an ISA and the shares have already been
held for two years this inheritance tax benefit will be retained within the ISA
without them needing to be held for a further two years.
Please
remember the value of tax shelters will depend on individual circumstances, and
tax rules can change over time.
For
further information please contact Director of Financial Planning Cliff Pocock at Ward Williams Financial Services
Limited.
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