Making a donation of shares to Autism NI can cost you almost nothing and you can achieve tax benefits.
Sounds good?
Individuals
Since April 2000, new tax relief rules mean that individuals can claim income tax relief (at either the basic rate of 22% or the higher rate of 40%) on the full market value of the shares, in addition to the exemption from capital gains tax on any increase in the value of the shares since they were bought, which is already available on such gifts. You may also claim tax relief on any costs that are incurred in transferring the shares.
Companies
Companies can also donate shares to Autism NI (PAPA). In return, the company can claim a deduction for the gift of shares for corporation tax purposes (variable %), in addition to the relief from corporation tax on capital gains on any increase in the value of the shares since they were bought, which is already available on such gifts. You may also claim tax relief on any costs that are incurred in transferring the shares.
What to do now
If you are considering donating shares, we would be delighted to hear from you. Please contact the Fundraising and Marketing Manager on (028) 9040 1729 or by e-mail linda@Autismni.org.
