Tax & AIM
Certain relief from Inheritance tax is available to AIM listed business’s owning business property.
Robinson plc currently qualifies for this relief since the properties held are residue from previous trading activities and there is an active plan to dispose of them.
Investments in AIM trading companies can attract 100% relief from IHT (Business Property Relief) provided the investment is held for at least 2 years before a chargeable transfer for IHT purposes.
Estates and beneficiaries of UK domiciled individuals can benefit from this relief and this includes:
• Death of a shareholder
• Death of a donor, if the shares were gifted within 7 years of death
• Chargeable lifetime transfer (e.g. into a discretionary trust)
Whilst every effort has been made to ensure that all information contained in this website is complete, accurate and up to date, Robinson cannot be held responsible for any loss incurred as a result of the use of this information. As with all financial matters, Robinson recommends that proper professional advice be sought before any action is taken. This website contains links to other websites, and Robinson takes no responsibility whatsoever for the content of those websites. Nor should it be assumed that Robinson in any way endorses or approves of any of the services or products promoted by those websites.