Inheritance tax grab on London’s junior AIM could cost Reeves £1bn Investing Rachel Reeves’ inheritance tax hike on London’s junior market AIM in the Budget is likely to cost more than a billion in revenue for the Treasury, investment bank Peel Hunt has warned. The government had estimated that it would raise £92.5m from its 50 per cent inheritance levy on AIM stocks, based on calculations from [...]
Is London’s AIM set to thrive after the Budget? Investing London’s AIM was dealt a smaller blow than expected in the Budget yesterday, with a half levy applied to its inheritance tax exemption, rather than the full 40 per cent expected by markets. The reaction was immediately positive from markets, with the FTSE AIM 100 index jumping more than four per cent in the minutes [...]
Autumn Budget 2024: Reeves takes half measure on AIM tax hike Investing Stocks on London’s junior AIM market registered their biggest single day bump in four years today as the Government revealed it would only partly abolish a key inheritance tax break for shares on the exchange. Shares on the market will retain a 50 per cent relief from inheritance tax, the Chancellor Rachel Reeves confirmed today, [...]
This will-we, won’t-we budget is causing economic harm October 29, 2024 Watching the will-we, won’t-we budget commentary unfold over the past few months has been painful and has caused significant uncertainty across the market. Not to mention that delaying the budget to October following the July election was a misstep, it has resulted in drawn-out public scrutiny of the multitude of possible tax changes on the [...]
AIM listings hit 23-year low amid Budget tax speculation October 28, 2024 The number of AIM companies has fallen below 700 for the first time since 2001, new data has confirmed, as London’s junior market has been battered by speculation that a key tax relief for AIM shares may be scrapped in this week’s Budget. Some 92 companies have delisted from AIM in the past year, with [...]
Franchise Brands mulls move from London’s AIM after chief’s promotion October 23, 2024 Franchise Brands is considering a move from junior market AIM to the main market of the London Stock Exchange following the appointment of a new CEO. The Macclesfield-based £300m company, which has been listed on AIM since 2016, said today that given the “scale and growth ambitions” of the company, it was taking the first [...]
AIM chief: It will be painful, but we’ll survive Reeves’ tax raid October 17, 2024 While scrapping the inheritance tax relief on AIM shares would be "unnecessary and painful", London's junior market will survive if the change is implemented, the exchange's chief has said.
AIM: Companies fear generational damage if Reeves scraps tax relief October 17, 2024 London’s markets have become a “burning platform” for smaller companies and the pain will be compounded if the Chancellor scraps inheritance tax relief for shares on London’s AIM exchange, City bosses have warned today. Ahead of the budget on October 30, a group of AIM listed companies and City think tank New Financial have added [...]
Abrdn: UK small companies are cheapest and best-performing stocks in the world October 14, 2024 The UK smaller companies market is both the cheapest and best performing in the world, new research from Abrdn has revealed. The analysis of Britain’s smallest listed businesses comes as speculation over the Budget have left many AIM stocks sliding, thanks to rumours of a proposed repeal of inheritance tax relief on the junior market [...]
London AIM floats plummet as fears grow of Reeves tax raid October 1, 2024 The number of flotations on the London Stock Exchange’s junior AIM market have plummeted to their lowest level since the financial crisis as fears grow the market could be hammered by a tax raid from Rachel Reeves. Only £88.6m was raised through IPOs on the junior market over the last year to 30 September, just [...]