Giving shares is one of the most tax-efficient ways in which you can make a donation. Provided you are a UK tax payer, there are some excellent tax incentives, with the donor receiving Income Tax relief (at either basic rate 22% or the higher rate 40%) on the full market value of the quoted shares – the relief is against your income tax for the year. Also the donor will not have to pay any Capital Gains Tax (CGT) on any increase in the value of shares since they were bought.
More information is available on the Inland Revenue website.
If you would like to discuss your gift in more detail please contact The Alumni and Development Office:
How to make you gift
Please write to Senate House, with the details of your gift (this will also provide evidence for the Inland Revenue when claiming your tax relief).
You will need to instruct your broker to either:
A. Transfer ownership of your stocks/shares to The University of Bolton and send the share certificates to the University OR
B. Sell the shares on our behalf and send the proceeds to the University. If you choose to sell the shares for us in order to claim your tax relief you will need to provide evidence to the Inland Revenue that you have given your shares to the University and that we have asked you to sell them.