EIS, AIM and IHT query
A question from a colleague that we think we know the answer to but struggling to find confirmation in writing. Can anyone help pretty please?
Distributions from an EIS total £10k. We invest £20K into a new AIM portfolio (£20k the minimum top up) to retain the IHT relief already attached on the £10k.
Client receives another distribution of £25k from the EIS - does the 'other' £10k he has already invested in the AIM now automatically receive IHT relief? We need confirmation in writing for compliance.