DONATIONS OF SHARES AND PROPERTY

A gift of shares to Charity Bank gives rise to neither a gain nor a loss for Capital Gains Tax (CGT) purposes.  You may also reduce your taxable income by the value of the shares gifted.

ShareGift (www.sharegift.org) is the share donation charity which distributes the proceeds of donated shares to a wide range of other UK registered charities.  As well as handling larger donations of shares, ShareGift specialises in the donation of unwanted small shareholdings, which are of no value to their owners because they would cost more to sell than they are worth.  By giving such shares to ShareGift, you can make these wasted assets work for the common good.  Please mention Charity Bank when making your donation.

Tax relief is also extended to gifts of UK freehold and leasehold land and buildings.  This entitles the donor to claim income tax relief on the full value, while Charity Bank can receive the full sale proceeds if we subsequently sell the land or buildings.

For more detailed tax information on gifts of shares and land please visit the website of HM Revenue & Customs (www.hmrc.gov.uk).