Stocks and Shares
Please choose: [Gift Aid] [Payroll Giving] [Stocks and Shares] [Lands and Buildings] [Company Giving] [Overseas Residents]
Stocks and Shares
A gift of Stocks and Shares is one of the most tax efficient ways of supporting the Perse. In what amounts to a double tax break individuals or companies who donate shares to the Perse:
- are not liable for capital gains tax on any increase in value since purchase
- are able to claim tax relief on the full market value of the shares
It is therefore possible for you to offset a gift of shares, which represents money you have never actually possessed against some or even all of your income tax liability for a year. For example, suppose you purchased shares some years ago for £1,000 and they have grown in value to £10,000. If you were to seek to realise them to find money to make an income-tax-efficient donation, you might be faced with a significant Capital Gains Tax bill. However, under the new scheme, you can gift the shares to the Perse School, eliminate the capital gain, and receive an income-tax benefit worth up to £4,000.
What to do now?
Contact Roly Owers in the Perse School Development Office. The exact course of action depends whether you hold a share certificate or your shares are held in a nominee account.
What stocks and shares qualify for tax relief?
Tax relief is available to UK tax payers donating shares and securities listed on the:
- UK Stock Market
- Alternative Investment Market
- Recognised stock exchanges overseas
It also available for:
- Units in authorised UK unit trusts
- Shares in a UK open-ended investment company (OEIC)
- Holdings in certain foreign collective investment schemes (offshore funds)