The Community Foundation has the expertise and ability to hold and manage a wide range of assets. Gifts of land, property and shares all attract tax concessions.
The donation of appreciated shares or land is of great benefit to us and can be an extremely cost effective method of giving for our donors. Donations of shares are eligible for full personal tax relief as well as exemption from capital gains tax.
Donors can claim income tax relief equal to the market value of the shares on the day the gift is made. In addition no capital gains tax is payable on any increase in the value of shares.
Example:
Value of shares donated £1,000
Income tax relief for higher rate tax payer £1,400
Potential capital gains tax saving £1,400
'Cost' to the higher rate taxpaying donor £1,200
Please contact Andy Beeforth to discuss how we can help you.
updated 30.08.2006