Donate your shares with ShareGift
Did you know you can donate your uneconomic shares using ShareGift?
How does it work?
If you have shares which are uneconomic to sell, you can use them to support babies, children and young people locally by donating your small shareholdings to ShareGift. ShareGift is a share donation charity which specialises in accepting small shareholdings that would cost more to sell than they are worth, generating much-needed funds for charities. All you need to do is mention Children North East when you make your gift.
Who are ShareGift?
ShareGift is an independent UK registered charity (No. 1052686) which specialises in releasing the money locked up in small shareholdings. ShareGift works by collecting together small lots of shares until there are enough to sell and then donating the resulting proceeds to charities. To date, ShareGift has donated over £48 million to over 3,600 charities. ShareGift make their grants based upon a variety of factors including the suggestions of their donors.
What are the benefits of donating shares?
- You won’t have to pay any capital gains tax on the shares you donate.
- If you are a higher rate (40%) taxpayer you will be able to claim income tax relief equal to 40% of the value of the gift*.
- If you are a highest rate (45%) taxpayer you will be able to claim income tax relief equal to 45% of the value of the gift*.
Please note, to qualify for tax relief, the shares or securities must be listed or dealt on a recognised UK or foreign stock exchange units in authorised unit trusts shares in a UK open-ended investment company holdings in certain foreign collective investment schemes.
