RE: NWT Investor Presentation, Monday 6.2.2322 Jan 2023 14:17
"MELLOMonday
INVESTING IN GOOD COMPANY
Monday 6th February 2023, 5pm – 9pm"
"Stephen English
Investment Director, Stella Asset Management
... Stephen is an Investment Director at Stellar Asset Management, responsible for running their AIM IHT fund. ... "
http://melloevents.com/mm-6th-february/
"UK Tax Benefits Guide To Investing On AIM (2023)
... there are number of favourable tax reliefs that the UK government have implemented to encourage investment in smaller growth companies through the FTSE AIM Market, which we cover in this article on AIM tax benefits.
Inheritance Tax (IHT) Relief:
Business Property Relief (BPR) was originally designed to enable family businesses to be passed on without creating an Inheritance Tax liability, whereby assets have to be sold to pay for the tax.
Notably, its use has since widened to cover unquoted shares – a status AIM-listed companies possess. As such, providing the shares have been held for two years, many AIM investments are able to benefit from BPR, meaning that they are 100% exempt from Inheritance Tax.
It is worth pointing out that the two-year qualifying period does not mean that one has to hold the shares of a specific company for two years, as the shares of one qualifying company can be replaced with the shares of another qualifying company.
But which companies qualify? Unfortunately, there is no definitive list of which companies qualify for Business Property Relief, largely due to the qualification status of a company easily changing over time. For instance, non-qualification would apply to a company that is being sold or wound up, as well as a company with dual trading on a recognised overseas exchange. Non-qualification also applies to companies who mainly deal with securities, stocks or shares, land or buildings, or in making or holding investments. ..."
https://aim-watch.com/project/aim-tax-benefits/
NWT, as a qualifying AIM share, would be eligible for the Stella Asset Management AIM IHT fund, run by Stephen English.
And note that the AIM IHT relief applies to both existing shares bought on the stock market, as well as to new subscriptions.
But the other two companies presenting on 6th. February, ahead of NWT, although they are both AIM shares, would not qualify for this relief:-
1. Impax Asset Management (IPX) because fund management companies do not qualify.
2. I3 Energy (I3E) because it is dual-listed on a recognised stock exchange (Toronto).