A guide to the various tax reliefs available to AIM investors, taking into account recent legislative changes, has been published by the London Stock Exchange and accounting firm Baker Tilly.
The booklet details the tax reliefs open to both individual and corporate investors, including those available under the Enterprise Investment Scheme (EIS), Venture Capital Trusts (VCTs), Inheritance tax (IHT) and Capital Gains Tax (CGT) – both business asset taper relief and gift relief.
Commenting on the publication, Chilton Taylor, chairman of corporate finance at Baker Tilly and principal author of the guide announced that: "It will be of great use to investors, companies and advisers. Whilst outlining the relevant legislation, the guide also includes guidance on specific situations such as foreign companies as well as moving from the main list to AIM and vice versa."
"Clear insight into the various kinds of tax reliefs available is important since these regulations can influence the amount of capital that companies are able to raise." Mr Taylor added.
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