Budget 2005

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
  • UK 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.