My very elderly widowed mother has been advised by a well-meaning relative to invest most of the proceeds from the proposed sale of her quite substantial family home into Business Property Relief (BPR) schemes in order to reduce inheritance tax, because these investments would fall outside her estate if she lives for another 2 years. While I know nothing about BPR schemes, it strikes me that this introduces a high level of risk to her capital, because presumably the investments into the BPR schemes can fall as well as rise. Yet the friend has said to her that investment into 'developers' outside AIM (so presumably unquoted companies eligible for BPR?) are very low risk. I'd be grateful for any thoughts on whether investing a large amount of cash in this way at my mother's advanced age is a good idea.

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