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Gifts of Shares
One of the most tax efficient ways to support the National Churches Trust’s work is with a gift of stocks or shares. It is also an easy way to give when the equivalent cash might not be immediately available. You might hold windfall shares as a result of a privatisation or demutualization. Alternatively, you might feel able to dispose of shares that are no longer part of your investment strategy.
Tax relief is available to UK taxpayers donating shares and securities listed on the UK stock market, the Alternative Investment Market and recognised stock exchanges overseas. It is also available for units in a UK unit trust and shares in a UK open-ended investment company (OEIC).
For example, if you are a higher rate taxpayer it could only cost you £600 to make a donation to the National Church Trust of £1,000 worth of shares (you could claim relief of £400 off your income tax bill).
If you give shares to the National Churches Trust, you can claim tax relief equal to the market value of the shares on the day you make the gift, together with any associated costs such as broker’s fees. In addition you will avoid capital–gains tax that you may have incurred on any increase in the value of the shares since you bought them.
Please contact the office to discuss your plans or to check that we will be able to accept your gift.
Further information is also available from the following:
Inland Revenue
Giving Campaign
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