Could a US stock market have attractions for UK Inheritance Tax Planning investors?
AIM’s Inheritance Tax planning attractions are governed by its status as a market on which securities would not meet the HMRC definition of 'listed'. There are several other stock exchanges that carry the same status as AIM, including the UK’s NEX Exchange. Perhaps the most investable overseas exchange from a UK perspective is the US Over the Counter Bulletin Board (OTCBB). Our latest Blog here looks across the water to see what’s on offer!
Investor’s Champion has reported previously on New Age Beverage Group (NBEV), an OTCBB quoted business that subsequently moved to the Nasdaq. NBEV has seen its share price climb more than 500% since we first coverage the stock in May 2016 (‘Is this the next drinks superstar to follow in the footsteps of Fevertree Drinks?) when the business was then called American Brewing. This hints at the potential if you get it right on the OTC market. However, the OTC is quite a difficult market to understand as it organises securities into three markets - OTCQX®, OTCQB® and Pink®. All the…