In this video, Claire Harris talks about business property relief (BPR) from inheritance tax and what changes there might be to the current rules, and in particular in relation to shares listed on AIM.
A topic that has been considered for amendment by all of the major parties, the Office of Tax Simplification has also made non-party political recommendations, which will be considered by whichever party, or parties, comes to power.
There are a number of options for taking advantage of the current tax treatment of AIM shares – and these would also apply to other assets which currently qualify for BPR, so it is important that people think about the potential implications of changes to tax policy before it's too late.
If you have any questions regarding the UK General Election 2019, please contact your usual Withers contact. You may also wish to view our dedicated webpage which will be updated regularly before Thursday 12 December, click here to view it.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.