Stocks that fund managers own in their AIM ISA IHT portfolios
- On May 20, 2021
- By GrowthInvest Marketing
Our award-winning AIM expert names the sectors and stocks that the pros pick for their own portfolios.
Last month I wrote about the attraction of business property relief, also known as inheritance tax (IHT) relief. This is a way of reducing IHT liabilities via long-term investment in eligible AIM shares. Fund managers provide ready-made AIM ISA IHT portfolios and some of these have impressive records. However, many investors want to be in control of where their money is invested and would prefer to choose their own investments for an AIM ISA used to shelter against IHT.
That does not mean that the fund manager portfolios should be ignored. They do have experience of the type of AIM company that fits the profile for this type of portfolio, as well as which companies qualify. It can be difficult to be sure if a company qualifies, although if it has a trading business it should be eligible.
Tax rules state that an asset is not relevant business property if it consists “wholly or mainly of one or more of the following, that is to say, dealing in securities, stocks or shares, land or buildings or making or holding investments.”
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