Client login Introducer / Adviser login

If you have any questions relating to online access or clients that have not requested online access, and would like to do so, please contact:

Alternatively, please send a signed instruction to:

Investment Administration
Charlotte Square
40 Charlotte Square
Edinburgh, EH2 4HQ

Once received you will be sent an email containing your password, followed by a letter in the post confirming your login details.

IHT Mitigation & AIM

Our Inheritance Tax (IHT) mitigation service is aimed at those clients seeking an alternative or supplement to the more traditional methods of IHT planning, using qualifying investments listed on the Alternative Investment Market (AIM) to construct portfolios.

Our AIM Portfolio Service can be structured to offer a high level of tax efficient investing combined with outstanding performance*.


Under current legislation, a number of companies listed on the Alternative Investment Market attract ‘business property relief’. Qualifying stocks held in an AIM portfolio are deducted from an individual’s estate for Inheritance Tax purposes provided they are held for a minimum of 2 years, which make them a useful tool in IHT planning.

We believe that the driving force behind a decision to invest money should never be the pursuit of tax mitigation alone. However, many experienced investors may consider they have an investment risk tolerance which can accommodate exposure to the companies of the type listed on AIM. Where that is the case, then it is perfectly appropriate to bring an element of tax planning into consideration and, in particular, to factor in possible IHT mitigation.

At Charlotte Square, we carry out much of the research and analysis internally, based on our focus list of AIM stocks. When managing our portfolios we seek out companies with certain key characteristics, such as:

  • Strong balance sheet – to benefit from ‘survivor bias’ inherent in AIM
  • Sales and dividend growth – symptomatic of sustainable competitive advantage
  • Well-balanced Board – appropriate split of Executive and Non-Exec Directors
  • Continuity of Advisers
  • Companies whose value is likely to be maintained in real terms

As Charlotte Square is solely the Investment Manager of this portfolio service we highly recommend that clients seek independent tax and financial advice before investing.

Please refer to our latest brochure and quarterly review for more information.


Risk Statement: The value of investments and the income from them, can go down as well as up, and you may not recover the amount of your initial investment. It is important to remember that many AIM companies will carry higher risk characteristics and are therefore unsuitable for some investors.  Tax benefits and allowances are based on current legislation and HMRC practice and depend on personal circumstances. These may change from time to time and are not guaranteed. Past performance is not a reliable indicator of future results.

*Based on Charlotte Square average AIM portfolio performance relative to the MSCI UK Micro Cap Total Return Index over the last 5 years to date.

Joe Capaldi

Investment Manager

0131 624 7709