The following Tax guidance note provides comprehensive and up to date legal information covering:
A few tax incentives are available to companies investing in unlisted shares and securities such as shares admitted to trading on AIM. AIM is one of the markets owned and operated by the London Stock Exchange (LSE) and is aimed at small, mid-cap and growing companies.
Although shares and securities traded on AIM are colloquially referred to as 'listed on AIM', they are in fact not listed, but rather admitted to trading on AIM. If a company has shares or securities admitted to trading on AIM and it has no other shares or securities that are listed on a recognised stock exchange, the company is an unquoted company.
This Practice Note contains a table outlining the key tax incentives available to companies that invest in unlisted higher-risk companies.
For information on the tax incentives available for individuals, and the policy behind such reliefs, see Practice Note: Tax incentives for individuals investing in AIM companies.
In this Practice Note:
AIM refers to the AIM market of the London Stock Exchange, and
AIM shares refers to unlisted shares admitted to trading on AIM
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