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Tax overhaul offers little relief for investors


Speculation is growing that investors could lose the tax relief they get when backing smaller companies under a shake-up of inheritance tax. Experts believe that the rules around business property relief on shares held in the Alternative Investment Market could change from as early as 2020 as a result of the Office of Tax Simplification's review of IHT. It has been suggested that one change could be to limit the ability to pass on Aim stocks free of IHT. The OTS has also said that while many tax reliefs for businesses and investors in small companies have helped to promote entrepreneurial activity, they have become complex and confusing, and that the three main tax-favoured venture capital schemes are not necessarily benefiting the right businesses.

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