Budget 2004

Grant Thornton


Miscellaneous

Grant Thornton

Gifts to Charities

Gift aid*

  • tax relief on cash gift against income or capital gains
  • relief carry back to previous tax year

* Also available on gifts to certain amateur sports clubs

Gift of assets

  • relief for full value of gift of
  • shares and securities listed on a recognised stock exchange including AIM
    – units in authorised unit trusts
    – shares in open ended investment companies
    – an interest in certain off-shore funds
    – freehold or leasehold property which the charity agrees to accept
  • relief given against income or profits of donor
  • no capital gains tax on disposal of asset gifted

Payroll deduction

  • tax relief through the payroll on full gift

Tax repayments

  • nominated charity can receive all or part of a tax repayment

The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.

This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.

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