Since 6 April 2000, individuals can get income tax relief in addition to capital gains tax relief on gifts of shares or securities to charities. This means that as a donor you will get tax relief on the full market value of the shares at the date of sale or transfer.
The shares can either be transferred into the name of Alzheimer’s Research UK using a stock transfer form, or sold on behalf of the charity by the donor. In both cases evidence of the transaction needs to be provided to the Inland Revenue on the donor’s annual tax return before tax relief can be applied.
For more information on share giving visit www.inlandrevenue.gov.uk, where you can find an overview on giving land, buildings, shares and securities to charity. Alternatively, please read the information on tax effective giving.