David O'Hara, Founder of Blackthorn Focus, has opened a government e-petition, demanding an end to the ban on private investors holding AIM-listed shares in Individual Savings Accounts (ISAs).
Mr O'Hara said:
"For too long the Treasury has not allowed private investors to shelter their AIM stocks from taxation. This creates additional complication to the ISA rules and denies investors the opportunity to invest in some of the UK's best growth businesses without running into the tax man.
The ban is obtuse, absurd and an anachronism. Following the abolition of taper-relief I see no reason for this ban to remain. The ban undermines liquidity in the UK smallcap arena, effectively holding back the value of some of Britain's best small and medium enterprises. The ban does no favours to anybody, it is time it went."
The government e-petition can be signed here:
http://epetitions.direct.gov.uk/petitions/16111
signatories' identification details are kept private by the government and their names are not visible to anyone but the government e-petitions staff.
