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AIM tax reliefs to remain

The London Stock Exchange has rushed to reassure investors the current tax reliefs for AIM listed shares will continue to apply.
There had been some worry within the industry that changes announced in yesterday’s Budget may affect the tax reliefs for shareholders of qualifying AIM companies, including the potential loss of IHT benefits.
But an LSE spokeswoman says it has confirmed with the Government that this is not the case.
The spokeswoman says: “Note 37 to the 2007 Budget refers to the recognition of stock exchanges and the definition of “listed”. Tax legislation is being updated to reflect the current regulatory environment.
There has been some third party comment that this change may affect the availability of tax reliefs for shareholders of qualifying AIM companies. This is not the case and has been confirmed by the Government. The existing tax reliefs that apply to shares admitted to AIM will continue to apply.”

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