Financial advisers are increasingly turning to business relief (BR) qualifying AIM-listed firms to reduce inheritance tax (IHT) liabilities, Time Investments has found.
This is according to research with 100 UK financial advisers, wealth managers, wealth planners and paraplanners conducted by Pure Profile in October 2023. The majority (85%) plan to increase their use of AIM listed companies that quality for BR to help clients reduce their liabilities. Head of equity funds Raymond Greaves said: "Our research shows that advisers and wealth managers are increasingly turning to AIM as a tool to help mitigate the ever-increasing IHT burden." Almost three-quarters (72%) of respondents said that 40% to 60% of their clients aged over 50 currently hold BR ...
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