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Investment: Aiming off

The wrong sort of tax break

By Andy Davis   December 2018

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Before the Budget, there was speculation that inheritance tax (IHT) might be up for reform. Rules that exempt most shares quoted on London’s Alternative Investment Market (Aim) from IHT were said to be in line for rewriting.

In the event IHT was left untouched but calls to reform—not remove—this IHT exemption deserve another hearing.

Here’s why. The idea behind it is sound: to enable families that control companies quoted on Aim to pass on shareholdings from one generation to the next…

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