This is an interesting article outlining one of the lesser known methods of reducing exposure to inheritance tax whilst retaining full control over your own assets.
There are many other ways in addition to AIM-ISAs to reduce your exposure to inheritance tax. Speak to one of our advisors today.
They could either take the money out of the ISA to do some other form of estate planning, losing tax-free growth and dividends, or leave it invested, retaining the lifetime benefits but potentially leaving an inheritance tax liability. But in 2013, the government announced a change to the rules making it possible for shares listed on the Alternative Investment Market (AIM) to be included in stocks and shares ISAs. This gave investors a third option: they could undertake IHT planning within an ISA wrapper, by investing in AIM-listed stocks that are expected to qualify for business property relief (BPR). Upon the investor's death, shares that qualify for BPR can be left to beneficiaries free from IHT as long as the shares have been held for at least two years at that time.