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Risk warning:

This material is for your information only. Nothing in this material should be construed as an offer or solicitation with respect to the purchase or sale of any security or an invitation to engage in investment activity. The given material is subject to change and, although based upon information which we consider reliable, it is not guaranteed as to accuracy or completeness and it should not be relied upon as such. The material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client's account should or would be handled, as appropriate investment strategies depend upon clients' investment objectives. Clients/investors should inform themselves and take appropriate advice as to any applicable legal requirements and any applicable taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant to the subscription, purchase, holding, exchange, redemption or disposal of any investments. Ravenscroft does not provide tax advice to its clients and all investors are strongly advised to consult with their tax advisors regarding any potential investment. Opinions expressed are our current opinions as of the date appearing on this material only. Any historical price(s) or value(s) are also only as of the date indicated. This material may also include forward-looking statements. Forward-looking statements are typically identified by terminology such as “may”, “should”, “will”, “expects”, “anticipates”, “plans”, “intends”, “believes”, “estimates”, “projects”, “predicts”, “seeks”, “potential”, “continue” or other similar terminology or by discussion of strategy, plans, objectives, goals, future events or intentions. Any such forward-looking statement is based on Ravenscroft’s expectations, assumptions, estimates and projections about future events at the date of publication. Actual outcomes are subject to numerous risks and uncertainties that could cause them to differ materially from those expressed in a forward-looking statement. Given these inherent risks and uncertainties, you should not rely on forward-looking statements. While we endeavour to periodically update the information discussed in this material, Ravenscroft has no obligation to update or otherwise revise published materials and there may be regulatory, compliance, or other reasons that prevent us from doing so. Certain transactions, including those involving futures, options and high yield securities and investments in emerging markets may give rise to substantial risk and may not be suitable for all investors. Foreign currency denominated investments are subject to fluctuations in exchange rates that could have an adverse effect on the value or price of, or income derived from, the investment; such investments are also subject to fluctuations in exchange rates that could have an adverse effect on the value or price or, or income derived from, the investments; such investments are also subject to the possible imposition of exchange control regulations or other laws or restrictions applicable to such investments. Investments referred to in this material are not necessarily available in all jurisdictions, may be illiquid and may not be suitable for all investors. Clients/investors should consider whether an investment is suitable for their particular circumstances and seek advice from Ravenscroft. The price and value of investments referred to in this material and the income from them may go down as well as up and investors may realise losses on any investments. Past performance is not a guide to future performance. Future returns are not guaranteed and a loss of principal may occur.

Company disclaimers

Ravenscroft is a trading name of Ravenscroft Investments (UK) Limited (“RIL-UK”), whose registered office address is at The Singing Men’s Chambers, 19 Minster Precincts, Peterborough, PE1 1XX. RIL-UK is authorised and regulated by the Financial Conduct Authority with FCA number 609277. The FCA has its registered office address at 12 Endeavour Square, London, E20 1JN.  

Ravenscroft Investments (UK) Limited is a subsidiary of Ravenscroft Holdings Limited (“RHL”) (company number 61986), whose registered office address is at PO Box 222, 20 New Street, St Peter Port, Guernsey, GY1 4JG. RHL is the parent company of the group.  RHL is registered in Guernsey with company number 61986 and its registered office address is PO Box 222, 20 New Street, St Peter Port, Guernsey GY1 4JG.

Ravenscroft is a trading name of Ravenscroft (CI) Limited (“RL-CI”), Ravenscroft Optimal Portfolio Management Limited (“ROPML”), Ravenscroft Custody Services Limited (“RCSL”), Ravenscroft Specialist Fund Management Limited (“RSFML”) and Ravenscroft Consultancy & Listing Services Limited (“RCLSL”);  all of which are licensed and regulated by the Guernsey Financial Services Commission to conduct investment business. RL-CI is also regulated by the Jersey Financial Services Commission to conduct investment and funds services business.

RL-CI is a member of TISE and as such in RL-CI transactions are subject to the rules of The International Stock Exchange Authority Ltd (“TISEA”).

The business address for Ravenscroft (CI) Limited’s Guernsey’s office is at PO Box 222, 20 New Street, St Peter Port, Guernsey, GY1 4JG. The business address for Ravenscroft (CI) Limited’s Jersey office is PO Box 419, First Floor, Weighbridge House, Liberation Square, St Helier, Jersey JE2 3NA

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AIM IHT Portfolio (UK only)

Share in their success

Straight forward & fully transparent

Maintain control of your wealth

Available in an ISA Wrapper

AIM (formerly the Alternative Investment Market) is the London Stock Exchange’s (LSE) dedicated growth market for small and medium sized companies.

The tax benefit derived from this service is for UK domiciled investors only.

The Ravenscroft Alternative Investment Market (AIM) Inheritance Tax (IHT) Portfolio is designed for individuals whose estate is expected to be valued significantly in excess of the nil rate band Inheritance Tax. The estate would therefore be liable for inheritance tax at a rate of 40% on any excess.

The AIM IHT portfolio service has the objective of obtaining 100% relief from IHT (subject to being held for two years), as well as the potential for long term (5years+) capital appreciation, through investment into qualifying AIM quoted companies.

See the global companies which make up the AIM IHT Portfolio on The London Stock Exchange

>>Click for our AIM/IHT factsheet

Ravenscroft is unable to provide tax advice but we suggest you speak to your accountant or tax advisers if you need any specific advice.

More information

Frequently Asked Questions

What are the risks of investing in AIM shares?

An investment into an AIM listed companies is only suitable for clients who wish to be exposed to higher risk investments. We view AIM shares as being higher risk in nature and clients should only invest on the basis that they can afford to lose their investment capital and are prepared to invest for the longer term (5 years +). An AIM portfolio may have lower levels of diversification that a broader based approach to asset allocation.
Companies listed on the AIM market are subject to a lower level of regulatory oversight than companies listed on the main market of the London Stock Exchange. Typically this may mean that AIM companies are admitted to trading with a more limited trading history, free float and management teams with less experience.
On an ongoing basis AIM companies are also subject to lighter financial reporting requirements which may make it more difficult to establish ongoing risks and underlying value in the business. AIM companies can be smaller in size and as a result may experience more volatile share price movements and reduced liquidity.

What are the taxation risks?

It is important to realise that tax regimes and the associated benefits are subject to change. The rules relating to business property relief are open to interpretation by HM Revenue & Customs and there is no guarantee that companies selected in good faith will not be counted as part of your estate.

On what basis is the service offered?

We are delighted to be able to offer our AIM Portfolio Service on a Discretionary or Advisory basis. Given the fast moving nature of markets we do recommend that clients take advantage of our Discretionary service.

How am I kept informed about my AIM portfolio?

Ravenscroft place a strong emphasis on communication and our investment mangers are available at any time to discuss your portfolio. We will provide a formal valuation of your portfolio as at 5th April and 5th October. Each time we buy or sell shares on your account a contract note will be produced and sent to you together with a letter detailing the rationale for the change.

Will the portfolio benefit from dividend income and can this be withdrawn?

The AIM Portfolio’s primary focus is on long term (5 years +) capital growth and meeting the requirements for Business Property Relief. Dividend income generated by the portfolio will typically be lower than average and we would suggest that an element of income is retained within the portfolio in order to meet fees and reinvestment opportunities. We can of course arrange for excess income to be paid to your bank account if required.

What is replacement property relief?

Relief from IHT is available when the property that qualified for BPR is replaced with similar qualifying assets. This allows us to sell assets and reinvest without clients losing the benefit of continued BPR. Qualifying business property must be replaced within three years of disposal to retain the relief.

What is the minimum amount I can invest in an AIM IHT Planning Portfolio?

The minimum initial portfolio size per client for an AIM Portfolio is £100,000.

What are the ongoing tax implications?

Income and/or capital gains arising from investments within the portfolio are subject to taxation in accordance with investor’s individual tax circumstances and may be subject to change in the future. We arrange to provide a Consolidated Tax Statement in respect of income earned on the portfolio after the end of the tax year.

The AIM IHT portfolio service is an effective and non-contentious tax planning method that avoids the costs associated with forming a trust, or the risks associated with gifts as assets remain under the control of the holder.

Our Team

Personal help from a knowledgeable and proactive team

The team has considerable market knowledge and is proactive at communicating ideas as they arise. This involves sharing our thoughts on both the buy and sell side as well as introducing you to new issues and placings through our network of global contacts. We are never short of ideas or opportunities.