Braxton´s Guide to AIM and PLUS tax benefits
This guide outlines the various tax reliefs available to investors in AIM and PLUS companies and also the principal criteria which both companies and investors need to meet to take advantage of them.
The tax advantages are those which relate to investments in qualifying unquoted companies. Companies traded on AIM and PLUS and a number of other markets are regarded by the UK Inland Revenue as unquoted for this purpose.
The tax reliefs available include:
For individual investors:
• Capital gains tax (CGT)
? business asset taper relief
? gift relief
? The Enterprise Investment
? Inheritance tax (IHT)
– business property relief
? Relief for losses
? Venture Capital Trusts (VCTs).
For corporate investors:
• Corporate Venturing