RE: Spread4 Jul 2018 08:15
Rich Ken
Being on aim does have some advantages over other platforms although I accept it's not without risk. However some of the risk can be mitigated if the company is well managed and profitable. Lot's of Ft 100s go bump in the night not just aim outfits.
Buy the right type of Aim shares, and investors can enjoy tax-free growth and dividends within the Isa wrapper while they are alive and (providing they satisfy the two year rule) pass them on free of inheritance tax when they die. What’s more, the annual Isa limit increased to £20,000 in April 2017, widening the scope of what was already a very valuable tax relief.
As a result, advisers are reporting increasing demand for Aim shares from older investors, and many investment companies offer ready-made Aim portfolios designed to minimise IHT bills.
If you add to this the tax free free status to buy and sell aim shares it's quite compelling, Overview. When you buy shares, you usually pay a tax or duty of 0.5% on the transaction. ... shares electronically, you'll pay Stamp Duty Reserve Tax ( SDRT ) I dread to think how much I would have lost over the years buying and selling it all adds up
As with anything pay your money take your choice
None of the above is or should be construed as financial advice. Please consult a tax specialist/financial advisor before making any decisions. In other words dyor