AIM

AIM

Various tax incentives are available to investors (mostly individuals) 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 and medium size growth companies. Shares and securities are not listed for UK tax purposes just because they have been admitted to trading on AIM. Consequently, many of the tax incentives for investing in unquoted companies apply to investments in AIM 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.

The policy behind the tax reliefs available to investors in unlisted shares and securities is to encourage investment in smaller, higher-risk trading companies. This explains why some of the tax reliefs, such as enterprise investment (EIS) relief,

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