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Where Taxpayers and Advisers Meet
AIM and IHT
Majestic Wine is seeking admission to Nasdaq which means it will no longer be an AIM share with IHT exemption. In order to replace with an AIM share that does qualify must Majestic be sold before joining Nasdaq?
Re: AIM and IHT
I thought it had been bought by Fortress.
https://www.bbc.co.uk/news/topics/c6x0ngl4x7et/majestic-wine
As a UK company it can't list on NASDAQ.
https://www.bbc.co.uk/news/topics/c6x0ngl4x7et/majestic-wine
As a UK company it can't list on NASDAQ.
With a pinch of salt take what I say, but don't exceed your RDA
Re: AIM and IHT
Thank you. I should have put the new name for Majestic - Naked Wines. Majestic who bought Naked Wines then sold its stores to concentrate on online with the name change. The Telegraph Business Section, reporting recently on the change, stated that Naked Wines was seeking listing on Nasdaq.
Re: AIM and IHT
Further to my last posting, I've found 47 UK companies listed on Nasdaq.
Re: AIM and IHT
To answer your question, yes.
s.107(2):
"...any other property concerned was such that, had the transfer of value been made immediately before it was replaced, it would (apart from section 106) have been relevant business property in relation to the transfer."
s.107(2):
"...any other property concerned was such that, had the transfer of value been made immediately before it was replaced, it would (apart from section 106) have been relevant business property in relation to the transfer."
Re: AIM and IHT
- otherwise the two year period will have to start again when you re-invest the proceeds of sale
Re: AIM and IHT
Thank you. Sorry for the delay but have had computer problems and have just been able to see your most helpful reply.
Return to “Inheritance Tax, IHT, Trusts & Estates, Capital Taxes”