Lord Naseby – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Naseby on 2015-10-28.

To ask Her Majesty’s Government whether they will publish annually a list of Alternative Investment Market companies that qualify for Inheritance Tax relief.

Lord O’Neill of Gatley

HM Revenue and Customs (HMRC) do not have a list of Alternative Investment Market companies that qualify for Business Property Relief.

The claim to the relief will depend on the circumstances of each case. Shares in a company might no longer qualify for Business Property Relief if the company went into liquidation or moved to a full listing on the UK Stock Exchange after publication. Any information provided by HMRC about a company may become out of date quickly raising the risk that relief is claimed incorrectly.