View more on these topics

Portfolio service has Aim of minimising IHT bills

Close Fund Management is relaunching its portfolio management service which invests in the Alternative Investment Market to minimise inheritance tax liabilities.

The Accelerated Taper Service allows investment of at least £50,000 in the Aim market. The management team will invest directly in companies listed on the Aim or traded on Ofex as well as new issues.

Such investments are not subject to IHT if held for two years. If they are held for four years, they are subject to only 10 per cent capital gains tax upon sale. Initial charge is 5 per cent and annual 1.75 per cent. Initial commission is 3 per cent and renewal commission is available.

Managing director Marc Gordon says: “The tax benefits that investments in Aim and Ofex attract have been an open secret in the City for the last year. Inheritance tax is becoming a much greater issue in British life and this service provides opportunities for an investor to minimise their IHT liabilities while retaining control of and access to their investment.”


City finds FSA &#39intrusive&#39

City institutions find the FSA “bureaucratic, intrusive and insensitive” in its regulation of UK financial services, according to a new report.The report, “Waking up to the FSA”, by the Centre for the Study of Financial Innovation, a City think-tank, says the FSA has failed to communicate how it will use its new powers after N2.But […]

Ecology society cuts rate

Ecology Building Society is cutting its residential mortgage rate to 6.75 per cent with effect from June. The green lender is upping the loan to valuation level to 90 per cent from 80 per cent as well as waiving the administration fee of £150 on applications received before July 31. The society offers loans on […]

More variations on the survival blueprint theme

It seems every couple of months we get another blueprint for the future of the IFA market. The amount and scope of these plans is always amazing, as no one actually knows what will be the result of the FSA&#39s Treasury-influenced second-stage review of polarisation, which could throw even the best laid plans into disarray […]

Debts of despair

Following the purchase and renovation of a property, including new heating, kitchen and improving the garden, we have found, even though we have good incomes, we are finding it extremely difficult to get by and the overdraft is getting out of control. What can we do? This was an actual enquiry we received via a […]

Sticking to valuation discipline when investing in China

Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm