Treasury Reiterates Support of AIM Shares
- On September 28, 2018
- By GrowthInvest Admin
The Treasury has said it is supportive of Aim shares amid an ongoing review.
The Office for Tax Simplification, an independent body created to advise the government on tax matters, confirmed it is looking at the rules governing Aim shares as part of its review into inheritance tax.
The review was ordered by Chancellor Philip Hammond to investigate ways in which inheritance tax can be restructured or simplified.
It had got some advisers worried a change for Aim could be on the cards.
But a Treasury representative said: “We are fully committed to supporting Aim, which saw £5bn of shares traded on it in August 2018, and has helped thousands of UK entrepreneurs to raise the capital they need to innovate and grow.”
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