Make The Taxman Your Aim By Picking Alternative Investments
The Alternative Investment Market has to offer to you an efficient way of tax which you have from your own shares
. It is quite true that the Chancellor is worried about the avoidance of tax from the side of the people but on the part of being a tax payer it is a good thing to be tax-efficient. As far as inheritance tax is concerned, the unquoted shares are not taken up as a part of it. This is also inclusive of the firms that are a part and are listed under the Alternative Investment Market that is Aim. It is necessary that a person must have been the owner of the stocks from at least past 2 years. But the stocks of Aim are free from IHT. Some of the stocks of Aim can also be put up for a reduction in rate of the capital gain tax.
The officials at the London Stock Exchange were of the view that Aim is market that can be called as one of markets whose growth has been most successful in the whole world. Although it was launched in the year 1995 with only 10 stocks, and companies that was a little more than 3,000 companies from all over the globe are not a part of it.
Alex Ruffel, who is a partner at Berkeley Law, which works for the private client and is a wealth advisory law firm held a view that the shares of Aim can be a part of anybody's inheritance tax planning. Especially when a person wants to plan his tax without giving any kind of a guarantee or where they person is an old person and might not be in a position to wait for a span of 7 years that after which they would be having the benefits of the gifts of the inheritance tax. People who have the holdings of the companies who are a part of Aim, they have the benefit of getting a relief in the business property from the inheritance tax by 100 per cent. But it is important they first meet the eligibility criteria that have been set for it. Apply for 12 month loans and get quick cash for investment.
He further added that the company must have had a holding for not less than two years. In addition to this, they haven't only been used in the terms of investment vehicles only. But if there is some property which a company holds but does not uses it as an asset then its value is not going to get added in for the relief.