Equilibrium plans AIM portfolio to reduce IHT costs

Product launch

Equilibrium Asset Management is to launch its own AIM portfolios to help clients mitigate the cost of inheritance tax.

The Cheshire-based wealth management firm said inheritance tax planning is becoming a common concern for clients who are looking for ways to reduce potential high costs. One solution is to invest in AIM shares as, under HM Revenue & Customs rules, certain AIM and unlisted shares qualify for Business Property Relief. This means once they have been held by an investor for a minimum of two years, they are exempt from inheritance tax. As a result, the firm said it is looking to utilise this by setting up its own AIM portfolios, and has hired Neal Foundly to spearhead the move. Foundly j...