Is the IHT bubble about to burst for the darling buds of AIM?

Some stocks trading at 'unsustainably' high levels

The attraction of investing in AIM shares to gain inheritance tax relief (IHT) has grown significantly over the past few years, writes Judith MacKenzie, manager of the Downing UK Micro-Cap Growth fund.

But there could be danger ahead for some of the most popular stocks listed on the junior market with valuations on some of the most widely-held names now trading at high, possibly unsustainable, levels.    The number of AIM IHT portfolio services has increased significantly in the last five years and the growing appeal of investing in AIM shares is being driven by several factors; the generous tax breaks available, the complexity of alternatives such as trusts and gifting assets, the government's freezing of the nil-rate band until 2021, and finally, the perception that the punchy small-...