Prepare to flee London’s AIM if Reeves mounts inheritance tax raid, bank warnsOne firm has told its AIM-listed clients to draw up plans to ditch the market if Rachel Reeves mounts a tax raid.
Companies listed on London’s junior AIM market are being told to prepare to flee the exchange or announce emergency share buybacks amid fears that a punishing inheritance tax raid could trigger a sell-off, City AM has learned.
Shares on the market currently enjoy a tax-break which exempt them from inheritance tax if they have been held for at least two years.
In a letter to its clients the bank in question urged companies to draw up contingency plans to shield themselves against any sudden price shock caused by the move.
Like the main market, AIM has also been rocked by a dearth of companies floating over the past two years...
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