Farley And Partners

Gifts of assets

Not all donations need to be money. You can make a gift of assets, such as quoted securities or land and buildings, and the gift can score for a double tax relief. Any gain which would accrue on the gift is exempt from capital gains tax, and you are also entitled to income tax relief at up to 40% on the value of your donation.

You may have a shareholding that has lost so much value it is not worth keeping and yet be worth too little to pay for the broker’s fees and stamp duty. Such shares may be donated to Share Gift. The timing can help crystallise a capital loss.

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