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| KKL Charity Accounts is headed by a dedicated and professional team of specialists, providing a unique, tailor-made service for individuals and companies. |
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| Gifts of shares |
A gift of shares to a registered charity now qualifies for complete exemption from Capital Gains Tax as well as for relief from Income Tax.
The full market value of shares held in a listed company can therefore be set against the donor’s chargeable income in the tax year of the gift. Higher rate taxpayers can greatly benefit from these exemptions
To illustrate how a gift of shares can benefit you, let’s assume that you are a higher rate taxpayer. You own shares in a plc bought for £20,000 in 1990 which are now worth £100,000.
You decide to donate the shares to a charity of your choice (no Capital Gains Tax on gift to the charity). |
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| The charity receives shares to sell or retain as investments |
£100,000 |
You have no Capital Gains charge on the shares
You get tax relief on £100,000 at the higher rate of tax (40%) |
£40,000 |
So, the gift has cost you £100,000 - £40,000 =
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£60,000 |
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For further information, please contact us:
Tel: 020 8732 6102
Email: giving@kkl.org.uk |
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