Examples of Gift Aid and higher-rate tax-relief:
||40% tax payers can reclaim
||45% tax payers can reclaim
UK taxpayers are eligible providing they contribute an amount in income and/or capital gains tax that equals the tax reclaimed on their gift by the charities they donate to. Company donations are not eligible, although the business can save on corporation tax by treating the gift as an allowable expense.
Giving shares is a simple and tax-efficient way of donating to your selected charity or cause. Tax relief is available to UK taxpayers donating shares listed on the UK stock market, the Alternative Investment Market and recognised stock exchanges overseas. It’s also available to units in a UK unit trust and shares in a UK open-ended investment company.
Donors can claim income tax relief equal to the market value of the shares on the day the gift is made, plus any associated costs such as the broker’s fees. In addition, capital gains tax that you may have incurred on any increase in the value of the shares since you bought them won’t apply.
Please contact us at firstname.lastname@example.org for more information. Pilling and Co acting on behalf of the School will then liaise directly with your broker to ensure the smooth and efficient donation of your gift of shares.
British employees can make a gift straight from their gross salary through this scheme.
Visit the Give As You Earn website for more information.