Stocks and shares: investments on alternative markets: business relief
NASDAQ shares are ‘listed’ and do not qualify for business relief (IHTM25131) after 10 March 1992.
Many companies whose shares are traded on the Alternative Investment Market (AIM) qualify for business relief, as they are regarded as ‘unlisted’ for HMRC purposes, provided that they were owned for at least two years before the date of transfer/death.
Many shares traded on ISDX will similarly qualify for business relief although some shares on the ISDX Main Board will be regarded as ‘listed’ for HMRC purposes and so will only qualify for business relief if the transferor had control of the company (and then only at 50%). Seek advice from Shares and Assets Valuation if worthwhile.