Very generous tax relief is available on gifts of shares. You might hold windfall shares as a result of a privatisation or perhaps you own a small parcel of shares as a result of an inheritance. You can claim back full income tax relief against the value of those shares, so for example a gift of shares worth £1,000 will only cost a higher rate taxpayer £600, or £780 for lower rate taxpayers. What’s more, no capital gains tax will apply.
All shares, in whatever quantity, are very welcome, however we recommend that shares with a value of less than £250 be donated to ShareGift. ShareGift is a charitable organisation which specialises in accepting small numbers of shares with low values. They combine the shares and then sell them, distributing the proceeds to a number of charities. When you contact Sharegift please specify that you are giving your shares on behalf of QEF. For more information, please visit www.sharegift.org.uk
If you would like to know more please contact Victoria Kingstone on 01372 841132 or e-mail firstname.lastname@example.org.
You should always seek independent financial advice when thinking of making a gift of shares to charity.