Giving shares to UCL is a simple
and tax-efficient way of making a donation.
UCL can accept share gifts
of any size. You might hold windfall shares as a result of a
privatisation or demutualisation. Alternatively, you might feel able to
dispose of shares which are no longer part of your investment strategy.
All share gifts are of course important, and greatly appreciated. Tax
relief is available to UK taxpayers donating shares and securities
listed on the UK Stock Market, the Alternative Investment Market and
recognised stock exchanges overseas.
It is also available for units in a
UK unit trust and shares in a UK open-ended investment company (OEIC).
Donors can claim Income Tax relief equal to the market
value of the shares on the day the gift is made, plus any associated
costs such as the broker’s fees.
In addition, Capital Gains Tax that you may have incurred on any increase in the value of the shares since you bought them will not apply.
Gift of shares example:
- Gift of shares worth £1,000
- Value of shares donated: £1,000
- Broker’s fees: £50
- Amount available to deduct from income: £1,050
- Income tax relief for higher rate taxpayer: £420
- 'Cost' of gift to a donor paying higher rate tax: £630
To make a gift of
shares, please contact UCL on +44 (0)20 3108 9167 or email firstname.lastname@example.org in the first
instance, so that we can help to arrange the transaction.