It’s the time for Stellar Asset Management to do something new and the acclaimed company has brought a new-fangled service for individuals to extenuate inheritance tax using business property relief to the fore. It has also been learnt that the Stellar AIM Inheritance Preservation Service will proffer investors access to Alternative Investment Market (AIM) specialist portfolio manager Richard Hallett from Hargreave Hale.

Speaking on this new development, Gordon Pugh, Sales and Marketing Director at Stellar Asset Management, said: "Many AIM products on the market offer inheritance tax mitigation first, performance second.” "Whilst it\'s true that AIM is a relatively volatile market and that clients are, on the whole, seeking to preserve wealth first and grow it second, we felt too many AIM portfolios in this market were focused on losing less than 40 per cent rather than seeking growth and utilising the tax efficiencies that AIM investing offers." He said: "We have teamed up with Hargreave Hale so that we can offer clients access to the leading AIM portfolio manager in the UK.”

"Richard Hallett has a long running and successful performance track record which speaks for itself," he added. "The inclusion of an insurance option means that those clients who find capital protection reassuring have that on offer, with all charges relating to the insurance wholly disclosed so there are no misunderstandings or surprise consumption of any dividend income or capital gains."

However, it has to be taken into consideration that the minimum investment happens to be £30,000, which is excepted from Inheritance Tax after two years - sooner than the conventional seven years. The service, what is more, has an initial charge of 5 per cent - this may be rebated - and an annual management charge of 2 per cent. Initial commission is 3 per cent and trail commission is 0.5 per cent, which may also be rebated.