Have you ever thought about helping Abbeyfield by donating your shares?
The relief is against your income tax for the year.
For example, a gift of £1,000 of shares made by a higher rate taxpayer will mean £400 less in income tax that year.
Also you won’t have to pay capital gains tax (CGT) on any increase in the value of the shares since you bought them. However, if your shares have decreased in value you will not be able to use this loss to offset any other CGT liability you may have.
Size does not matter. You can donate large and smallholdings of shares alike and there are tax benefits. For example, you may own smallholdings where the cost of selling them is greater than their value. If you are a UK taxpayer, you can receive tax relief on any donation of shares. The larger the donation the more tax relief! If you are in a position where you would like to make a donation of shares to help someone in need, you can do so by gifting them to ShareGift – the charity share donation scheme and mentioning that you are a supporter of Abbeyfield.
Download the ShareGift coupon here
How ShareGift works
ShareGift is run by The Orr Mackintosh Foundation who specialise in collecting donated shares together, selling them, and making donations from the proceeds to hundreds of different charities all suggested by share donors.
There is no charge for using ShareGift, who can also help you to donate larger holdings of shares.
Your share donation could help Abbeyfield provide support and care in more communities in the UK.
By using the coupon ShareGift will know you are a supporter of Abbeyfield.
To donate your shares simply print and complete this donation coupon and send it to Abbeyfield along with your share certificates.
For further information you can contact ShareGift directly on 020 7337 0501 or visit www.sharegift.org. You can also visit the Inland Revenue at www.inlandrevenue.gov.uk. Alternatively you can call the Fundraising Department at Abbeyfield.
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