Sisters Will

Murphy_The_Cat

Keep_pedalling said:

Murphy_The_Cat said:

castle96 said:

How? There are only so many 'wheezes' /get outs. How do u save 00ths?. If she could I would 2.

Visit a IHT tax planning specialist and discover what you can - the big one for you is that AIM shares (if they meet the required criteria will fall out of the Esate for IHT purposes.  The (considerable) down side of AIM shares is a) accurately valueing them for probate and b) actually selling them !

And the risk that these high risk shares may be worth nothing, so instead of seeing 40% go on tax, 100% goes on failed companies.

Absolutely spot on, correct.  If they can be sold at all, they could be worth substantially less than thought, or nothing at all.

Or..........be worth as much as or more than expected and sell easily and be free of IHT - just bear in mind that if they sell for more than what they are valued at Probate** the Estate will be liable for any CGT.

** and getting an accurate valuation of AIM shares at point of death may not be straightforward.

Sea_Shell

I've never heard of AIM shares.   How do they differ from normal shares, and how can they fall outside of the estate?

Murphy_The_Cat

Sea_Shell said:

I've never heard of AIM shares.   How do they differ from normal shares, and how can they fall outside of the estate?

this from HMRC may be helpful https://www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm25314

The IHT exemption also exists (potentially) for unlisted shares e.g in a private Company.

p00hsticks

Sea_Shell said:

I've never heard of AIM shares.   How do they differ from normal shares, and how can they fall outside of the estate?

https://en.wikipedia.org/wiki/Alternative_Investment_Market