Inheritance Tax Free ISA
Published / Last Updated on 13/03/2014
Budget Dec 2012 - Inheritance Tax Free ISA
Currently, ISAs form part of your estate on death for inheritance tax purposes.
In the pre budget speech, Chancellor George Osborne confirmed a consultation will take place to allow Alternative Investment Market (AIM) listed shares to be allowed in Stocks and Shares ISAs.
Under current inheritance tax rules, shares in a trading business or shares in AIM listed companies can become inheritance tax free after two years.
This raises the possibility for the first time for an ISA to be inheritance tax free. Watch this space, it could be 2014 or 2015 in any future budget that this is confirmed.
Back to UK Budget December 2012 Summary