Gift of Shares
Why give shares?
There are generous tax incentives for individuals to give shares to charity. As a donor you can claim income tax relief on the value of most shares and securities donated. You are also exempt from any tax on capital gains that might have arisen had the shares been sold.
Which shares can I give?
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).
How does it work?
You 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. This sum is set against your income for the financial year.
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 the higher-rate taxpaying donor: £630
To make a gift of shares
Please contact the Development Office in the first instance so that we can help arrange the transaction. Information about making gifts of shares from the United States is also available.
Tate is unable to provide tax advice and therefore we strongly advise that you also consult with the Inland Revenue or your tax advisor for professional advice about donating shares.