Julia Hoggett, chief executive of the London Stock Exchange, warned that removing 100% inheritance tax relief could jeopardize the ongoing viability of Aim, emphasizing that this relief is crucial for maintaining investor confidence and market stability.
Stockbroker Peel Hunt highlighted that the anticipated impact of removing tax relief could lead to an immediate drop in the Aim index by 20%-30%, underscoring the potential volatility within the market.
One IHT fund manager stated that he would be a 'forced seller on day one' if the relief was removed, indicating the dramatic ramifications for liquidity and investor behavior on Aim.
The Institute for Fiscal Studies pointed out that the existing tax relief distorts investment choices, raising questions about its continued validity, yet also suggested that removing it could yield about 1.1 billion for the Exchequer.
[
Collection
]
[
|
...
]