Stocks & Shares

Individuals can obtain a double-form of tax relief by donating gifts of shares and securities to IWA: the value of the gift can be offset against any income tax liability and in addition the gift would be exempt from any liability for capital gains tax.

For a higher-rate taxpayer who donates £10,000 worth of shares, this will mean a reduction of £4,000 in their Income Tax liability, as well as avoiding any Capital Gains Tax liability, a further saving of £4,000.

This means that shares can be given at a much reduced cost and there may be even a net cash flow gain, if the Income Tax relief is worth more than the shares cost in the first place.  Please consult our Finance Manager for more information.