There are generous tax incentives if you, or your company, give shares to Brainwave.
You can benefit by claiming income tax (or corporation tax) relief on the value of most shares,
securities and other investments.
Another advantage is that gifts of shares to a charity are exempt from Capital Gains Tax.
Another advantage is that gifts of shares to a charity are exempt from Capital Gains Tax.
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Donate Shares |
Do you have any windfall share certificates gathering dust in a drawer? Have you considered donating these to a worthwhile cause?
Why?
- You benefit from the tax incentives and Brainwave benefits from the shares.
- You can offset the full value of the gifts of shares against your income tax liability for the year. For example if you give a charity £1,000 worth of shares and you are a higher rate taxpayer, you will pay £400 less income tax that year.
- Additionally, you will not have to pay any Capital Gains Tax on any increase in the value of the shares since you bought them.
- If you hold a small number of shares they could be generating more paperwork than income.
- There are variations on giving the full value of the shares and it is possible for instance, to give just the capital gain element.
How?
It's a very simple process:-- Find the share certificate or dividend voucher and look for the address of the Registrar of the Company.
- Contact the Registrar and ask for a Share Transfer form.
- Sign the form - putting the shares in the name of The Brainwave Centre Ltd.
- Keep evidence of the gift and the date it was made.
- Claim the appropriate tax relief.
What will we do with the shares?
We may either sell the shares or keep them as an investment.Further sources of information
To find out more about giving shares or other tax efficient ways of donating, contact or phone her on: 07738 252191The Inland Revenue booklet 'Giving shares and securities to charity' IR178 provides more details on how the tax relief works and gives some useful examples.
DOWN SYNDROME TESTIMONIAL - EMMA
I think Brainwave is brilliant. I'd been looking for this type of help, and although it took me three years, I know I've found it.
The therapists are fantastic; they are so supportive. At the Initial Assessment, they really gave us hope and made us feel there is something we can do to help Emma. They were there to help us, and to teach us how to help Emma.
So many people you see suggest that you do a bit of this, or that you do that, it can become quite mind-boggling. To have a clear and structured programme written down in a simple list that you know is addressing all her areas of development, is brilliant. You know then that you're doing as much as you can.
Although Emma had just taken a few steps when we started Brainwave a couple of months ago, I still can't quite get my head around seeing her walking about now. We started with working on her balance, and now she's doing so well.
I think Brainwave is brilliant. I'd been looking for this type of help, and although it took me three years, I know I've found it.
The therapists are fantastic; they are so supportive. At the Initial Assessment, they really gave us hope and made us feel there is something we can do to help Emma. They were there to help us, and to teach us how to help Emma.
So many people you see suggest that you do a bit of this, or that you do that, it can become quite mind-boggling. To have a clear and structured programme written down in a simple list that you know is addressing all her areas of development, is brilliant. You know then that you're doing as much as you can.
Although Emma had just taken a few steps when we started Brainwave a couple of months ago, I still can't quite get my head around seeing her walking about now. We started with working on her balance, and now she's doing so well.