AIM for IHT investors – beware the growing cash piles!
As Balance Sheets improve and cash is accumulated, many AIM companies are struggling to find suitable uses for their growing cash piles. We have noted a growing number of AIM companies making passive investments which could compromise their Inheritance Tax qualifying status. Here are our thoughts..
As we commented in our recent Blog entitled ‘Why would the Chancellor attack AIM tax reliefs?’, AIM’s Inheritance Tax benefits fall under the rules governing Business Property Relief (‘BPR’).
BPR dates from 1976 and had the broad intention of facilitating the transfer of family businesses to the next generation, free of inheritance tax.
Once BPR-qualifying shares have been owned for at least two years, they can be passed on free from inheritance tax…
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