A Gift of Shares
Since April 2000, there have been new tax incentives to make share giving a great way to make a gift to the Wildlife Trust even more valuable:
The Tax Advantages
If you decide to make a gift of shares to the BCNP Wildlife Trust, it is possible for you to claim tax relief, equal to the market value of your shares on the day you make the gift, together with any related costs such as your broker’s fees. The tax relief is set against your income tax for that year.
So, if you gave the Wildlife Trust £1,000 worth of shares and you are a higher rate taxpayer for example, you will pay £400 less in income tax in that year.
In addition, you will not have to pay Capital Gains Tax (CGT) on any increase in the value of the shares since you bought them. If your shares have decreased in value, you should be aware that you will not be able to offset any other CGT liability you might have.
To discuss this possibility or to make a donation of shares, please:
- Contact Terry Hazeldine, Resources Director, to check that the Wildlife Trust will be able to accept the shares.
- Keep evidence of your donation, and the date on which it was made.
- Make your gift to the Wildlife Trust, as advised by the Resources Director, Terry Hazeldine.
Organisations that can assist you in giving shares to the Wildlife Trust of any value are: