The UK's Alternative Investment Market (Aim) has shrunk to its smallest size in 23 years, primarily due to concerns over potential abolition of inheritance tax relief on its shares.
According to UHY Hacker Young, 92 companies have delisted from Aim in the past year, reducing the total count to 695. This includes 26 delistings since the July general election, marking a troubling trend for the market.
UHY Hacker Young indicated that cutting inheritance tax relief on Aim shares would deter investment. The market has suffered from a lack of both floatations and listings, highlighting the need for improved incentives.
Dominic Tayler noted that around 15% of Aim shares are held in business relief-based funds to manage inheritance tax impacts, which underscores their significance for wealthier families.
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