Share Giving
Capital gains tax does note apply to charitable gifts of shares. Donating shares, no matter how large or small, is a very tax efficient way to give to the Cardiomyopathy Association. This is because you receive two tax credits - a capital gains tax credit and an income tax credit at your marginal rate. With the capital gains tax credit, this means that you pay no capital gains tax, but the income tax credit can have a highly valuable impact.
For example, if you are a higher rate taxpayer and donate shares valued £1,000, you could claim up to £400 Income Tax relief as well as saving up to £400 in Capital Gains Tax. Discover the extra tax breaks available on gifts of shares.
The shares can either be In both cases evidence of the transaction needs to be provided to the revenue on the donor’s annual tax return before tax relief can be applied. Click on the calculator image on the right to work out the tax relief available by making a gift of shares to the CMA. Other non-cash gifts
transferred into the name of the Cardiomyopathy Association using a stock transfer form
sold on behalf of the charity by the donor
If you give land or personal assets such as works of art to charity, you'll be exempt from Capital Gains Tax on the value of the assets you give. You may also be able to claim a deduction of the value of the gift against your taxable income for gift of land.
Contact Charity Aid Foundation (CAF) on 03000 123 028 to discuss your personal circumstances.
For further information please see the Inland Revenue website which offers an overview on giving land, buildings, shares and securities to charity.
For further information on share giving please see the
It would be great if you could inform us of your intentions, please contact Celia Blakeway-Phillips or call 01494 797196.
We would suggest that all supporters seek independent advice when making major decisions relating to personal financial and a taxation situation. For further information see www.cafonline.org
♥ How your support can make a difference.
Dedicated to Damian McLoughlin, who died age 20 of cardiomyopathy. This site is supported by Damian's family and friends.
The