Making a gift of shares
Making a gift of shares is a very effective way to support the Jubilee Fund. You can claim income tax relief on the value of most shares, equal to the market value of the shares on the day you make the gift, together with any associated costs such as broker's fees.
So if you donate £1,000 worth of shares, you'll pay £400 less in income tax that year if you're a high rate taxpayer, and £220 less if you pay the basic rate.
Also, you will not have to pay capital gains tax (CGT) onany increase in the value of shares since you bought them. In theory, this could mean an extra ‘saving' of up to 40% for a higher rate taxpayer.
Small packets of shares may be given through Sharegift - see www.sharegift.org.
