For many UK taxpayers, giving shares to a charity is the most tax-effective way of making a gift.
When making a gift of shares listed on any recognised stock market in the UK or overseas, the donor will not only avoid any Capital Gains Tax liability but can also offset the full value of the shares against their Income Tax liability.
The same principles can be applied to gifts of land, buildings and certain other assets such as an Authorised Unit Trust (AUT) and Open-Ended Investment Company (OEIC). Unless otherwise stipulated, our policy is to dispose of shares on receipt and convert them to cash.
We strongly advise donors to seek independent financial advice when donating shares, to ensure maximum benefits.
Please contact us by email if you would like to discuss this further.