Business Property Relief of 100% may be available in respect of the transfer of shares quoted on AIM, subject to certain conditions. These conditions include:
- the business must be a qualifying business,
- and the shares must have been owned for a minimum period.
Broadly, to be a qualifying business, the business must be engaged in trading, rather than investment, activities.
Normally, the donor must have owned the shares that have been transferred throughout the two years immediately before the transfer.
Note that shares with a dual listing on a recognised stock exchange would not qualify for this relief.
The above is not exhaustive and the availability of the relief depends on the specific facts of each case, and so specialist advice should be sought in each case.