Giving shares to charity is not a new idea, but since April 2000 there have been new tax incentives to make this way of giving even more attractive to you.
Donating shares to Penny Brohn Cancer Care gives rise neither to a gain nor a loss for Capital Gains Tax purposes. If you are a UK taxpayer, you may also be able to claim income tax relief on the value of your donation.
This way, Penny Brohn Cancer Care benefits from your gift of shares, and you benefit too.
Gifting shares means you can afford to increase the amount you give or you may be able to give shares at a time when you are not in a position to give cash.
And it is a great way to clear out unwanted small numbers of shares that are often difficult or even impossible to dispose of because of the costs involved. If this is the case, get in touch with ShareGift – and remember to mention Penny Brohn Cancer Care!
To find out more about how to gift shares telephone 01275 370 078 or email us. Alternatively visit the Inland Revenue website for their Help Sheet on giving shares to charity (IR 178).
You may wish to discuss the tax consequences of your share donation with your financial adviser. Penny Brohn Cancer Care cannot advise you on your personal circumstances.
“The Bristol Approach gave me some control back after the rollercoaster ride through treatments, now I feel so much more positive and in control of my future.” Nicky Gupta, Education Adviser, former teacher