Giving shares is a simple, tax-effective way to support our work and reduce your tax bill as such donations can be exempt from Capital Gains Tax and could also reduce your Income Tax liability.
Income Tax Relief
If you give £1,000 worth of shares you will receive taz relief of 20% (£200) if you are a standard rate tax payer, or 40% if you are a high rate taxpayer (£400). You can claim this on your self-assessment tax form, or by contacting your local Tax Office.
Capital gains tax relief
In addition, you will not have to pay capital gains tax on any increase in the value of shares since you bought them. Which means you could make an extra 'saving' of up to 40% for a higher rate taxpayer.
ShareGift
If you only have a few shares, you may want to consider sending them to ShareGift who specialise in accpeting shares of low value, which may be uneconomical to sell, and sending the proceeds to your nominated charity. For further information please visit the ShareGift website.
If you would like to make a gift of shares, please contact our Finance department on 020 7688 5555 and we will send you the relevant forms to transfer your stocks. Please remember to mention the British Lung Foundation when giving shares.
