Budget 2007

Gifts To Charities

Gift aid¹

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

¹Also 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 but NIC still applies.

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.