Charity No. 1078183
Share Giving
Why share giving?
With a gift of shares, you get the tax relief. Since April 2000 there have been generous tax incentives for individuals to give shares to charity. As a donor you can now claim income tax relief on the value of most shares and securities. You are also exempt from any tax on capital gains that might have arisen if the shares had been sold.
How does it work?
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 brokers' fees. The relief is against your income tax for the year.
For example, if the shares you give are worth £1,000, LINC will benefit from that gift and you will pay £220 or £400 less in income tax that year, depending on whether you are a basic rate or higher rate taxpayer. You are also exempt from paying capital gains tax on any increase in the value of the shares since you bought them. In theory this could mean an extra "saving" of up to 40% for a higher rate taxpayer.
What do I need to do to make a gift of shares to LINC?
There are organisations to help guide you through the process. You can make a gift of shares and name LINC as the charity you wish to benefit from the proceeds.
For more information, the Charities Aid Foundation provides a range of services to handle gifts of shares, both large and small. The Charities Aid Foundation can be contacted on +44 (0)1732 520 000 or at Kings Hill, West Malling, Kent ME19 4TA, UK.
If you have a small number of shares, you can make a gift through ShareGift, which will be added to shares given by other people. You can suggest LINC as a beneficiary of ShareGift when you send in your shares. ShareGift can be contacted on +44 (0)20 7337 0501 or at 46 Grosvenor Street, London, W1K 3HN, UK.
When making your gift of shares please remember to:
- specify LINC as the beneficiary charity
- keep evidence of the gift, and of the date it was made
- claim the appropriate tax relief
If you have any questions regarding share giving please email us – Thank you.
