Many people have parcels of shares gained as gifts or windfalls that are too small to cash in profitably. So why not give them to CARE?
We can sell them at a bargain rate and save you tax headaches. Best of all, all the profits go towards supporting CARE projects worldwide.
Giving stocks, shares and other investments to charity can be incredibly tax-effective, involving a double tax benefit.
What are the tax advantages?
You can claim tax relief equal to the market value of the shares on the day you make the gift, together with any associated costs such as brokers' fees. The relief is against your income tax for the year.
For example, if you give a charity £1,000 worth of shares and you are a higher rate taxpayer, you will pay £400 less in income tax that year.
Additionally, you will not have to pay any capital gains tax on any increase in the value of the shares since you bought them.
How to transfer your shares to CARE
It's very simple to transfer your shares. All you need to do is complete a form, there is an organisation called ShareGift who can do all the work for you!
If you would rather deal directly with us, or have any further queries please contact us.
Alternatively, for questions about tax you can visit the Inland Revenue's website or call their helpline on 0845 9000 444.
Thank you for supporting CARE.