Individuals can now get income tax relief on gifts to charity of certain shares, securities and other investments (including those listed or dealt in on the UK stock exchange, the Alternative Investment Market, and any overseas recognised stock exchange). This is in addition to the capital gains tax relief on gifts of assets to charities. The relief can be claimed on the market value of the investments at the date of the gift to the charity plus any incidental costs incurred in transferring the investments.
Companies can get corporation tax relief for gifts to charity of the same types of investments, in addition to relief from corporation tax on capital gains on gifts to charities of shares, securities and other assets.
If you could like to know more about this extremely attractive tax-efficient way of giving please contact the membership department (Tel: +44 (0)20 7957 5700) or visit the Inland Revenue website.