UK's Hawksmoor Rolls Out AIM Portfolio Service With Business Relief Feature

Tom Burroughes

13 January 2016

UK wealth management firm has launched a portfolio service for stocks quoted on London’s Alternative Investment Market and where the only shares that can be held are in companies that carry a particular kind of tax break.

The service will restrict investments to companies qualifying for business relief (previously known as business property relief), thereby providing a tool for inheritance tax planning.

Business relief cuts the value of a business or its assets when working out how much inheritance tax must be paid. Business relief of either 50 per cent or 100 per cent can be obtained on some of an estate’s assets which can be passed on while the owner is alive, or as part of a will.

Hawksmoor’s AIM Portfolio Service will not have front end or exit charges; it carries an annual management charge of 1.5 per cent plus value added tax to clients of professional advisors, or 2 per cent plus VAT to direct clients.