Donating shares

Donating your shares to Latymer is not only a great way to help the School, but it could also be a shrewd financial decision as it’s one of the most tax-effective ways you can give.

Since April 2000, it has been possible for a donor to claim Income Tax relief for the full market value of the shares on the date of the gift, in addition to the existing Capital Gains Tax relief. Companies can also make gifts of shares in other companies and claim relief against their profits for Corporation Tax purposes.

As well as benefitting most donors through the Income Tax relief available, this legislation also offers tremendous opportunities to those holding shares with significant capital gains and the School is very grateful to all those Latymerians who have already donated very generously in this way.

Shares given to the School, in almost all cases, will be sold. The proceeds of the sale will assist the School in realising projects designated by the Board of Governors to be of need to the School. The donor may, of course, choose which of these projects they wish to support with the gift of shares.

For example, if you are a higher rate taxpayer (40%) and you donate £10,000 worth of listed shares, your income tax bill could be reduced by £4,000.

In addition, you could be entitled to exemption from any capital gains tax on the gains you have made while you owned the shares. In theory, this could mean a further “saving” of up to 40%. (Please note that any capital loss on the shares cannot be offset against your other capital gains).

For further information about the tax advantages of donating shares to Latymer please see “How the tax relief works”  or for further information about the process of donating shares please see “Frequently Asked Questions about donating shares to Latymer”   and “How do I donate my shares to Latymer?”.

Please feel free to contact Megan Bruns if you are interested in donating shares to Latymer.