Share Gift Scheme
Do you own shares that are not worth keeping - but not worth selling?
Many investors today find themselves owning parcels of shares in quantities so small that it would cost them more to sell them than they are worth. Such a holding - perhaps as a result of an inheritance or long forgotten scrip dividend mandates - may simply be too small to do anything with.
As a result, they are faced with the worst of all situations; capital that is virtually impossible to realise but any dividends must still be declared and tax paid. Capital gains tax is payable on the disposal of even a single share if gains have already exceeded the allowance.
If you are in this position, you can now give such shares to charity - at no extra cost to you. The shares you donate in this way will be transferred into the name of Exeter Leukaemia Fund and the resulting portfolio will be used over the long term to the benefit of leukaemia sufferers in the area and for continuing research carried out locally, the benefits of which will become national.
Donating shares in this way gives rise neither to a gain or a loss for Capital gains tax purposes.
The system we use keeps cost to a minimum; you can make a charitable donation of shares that no longer have any realisable value for you - yet without putting your hand in your pocket.
How to donate shares ...
Simply register your interest by using our on-line form below and we will send you the appropriate documentation and instructions on how to donate your shares by post.
Christows, your local stockbrokers, have agreed to assist ELF with their portfolio as it grows with your generous donations of shares.