Budget 2008

Gifts to Charities

Gift aid*

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

Gift of assets

• Relief for full value of gift of:
• shares/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 giving

• Tax relief through the payroll on full gift butNational Insurance Contributions (NIC) still apply.

Tax repayments

• Nominated charity can receive all or part of a tax repayment.

* Also available on gifts to exempt bodies including certain amateur sports clubs.