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Where Taxpayers and Advisers Meet

IHT on AIM Shares

chriself
Posts:7
Joined:Fri Mar 18, 2011 8:27 pm
IHT on AIM Shares

Postby chriself » Mon Nov 20, 2017 1:26 pm

My wife & I have share portfolios both as individuals and as joint share holders all of which contain AIM shares held for a period in excess of 2 years
Both of our wills make our spouses first and only beneficiaries on first death
Presumably on first death all shares would then normally transfer to the spouse who would then have to wait 2 years for any transferred AIM shares to fall outside IHT
Is it possible on first death for the survivor to change the terms of the will and transfer to our children the AIM shares held in either the individual portfolio or in our joint held portfolio without paying IHT on them.

maths
Posts:8507
Joined:Wed Aug 06, 2008 3:25 pm

Re: IHT on AIM Shares

Postby maths » Mon Nov 20, 2017 5:20 pm

Presumably on first death all shares would then normally transfer to the spouse who would then have to wait 2 years for any transferred AIM shares to fall outside IHT
No; transferee spouse is treated as owning the shares from date of death but is deemed to have owned the shares for any period during which the deceased spouse owned them.


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