Each week, a professional investor tells us where he’d put his money. This week: Alex Davies of Wealth Club.
Four years ago, on 5 August 2013, a change to the rules governing individual savings accounts (Isas) enabled investors to hold stocks listed on the Aim junior market within the tax-sheltering accounts for the first time. Since many Aim stocks qualify for inheritance tax (IHT) relief, the rule change created an opportunity for investors to mitigate tax upon death by constructing an “IHT-free Isa”.
Such Isas allow you to pass on assets to whoever [...]