Attention: You are using an outdated browser, device or you do not have the latest version of JavaScript downloaded and so this website may not work as expected. Please download the latest software or switch device to avoid further issues.
Assets
Tonbridge School Foundation can accept gifts of assets, such as property, land or other objects, which are not subject to Capital Gains Tax or Capital Transfer Tax. Donors may consider making a bequest of cash investments or other assets, all of which would be free of Capital Transfer Tax on death.
Tax relief can be claimed through donations of property when no interest in the property is retained. This can be through:
Shares & Securities
Individuals can obtain a double form of tax relief by donating gifts of equities. The market value of the gift can be offset against any income tax liability and in addition the gift would be exempt from any liability for Capital Gains Tax. For example, if you give Tonbridge £1,000 worth of shares, and you are a higher rate taxpayer, you will pay £400 less in income tax that year.
Additionally, you will not have to pay any Capital Gains Tax (CGT) on any increase in the value of the shares since you bought them. This could mean a further saving. If shares you donate have gone down in value, you should be aware that you will not be able to use this loss to offset any other CGT liability you have.
As Tonbridge is unable to give you financial advice we would urge you to talk to your financial advisor about the tax implications of donating shares. Further guidance notes relating to the donation of shares, Securities and Assets are available from the Development Office. For more information, or to discuss any aspect of support, please contact:
Adrian Ballard
Director, Tonbridge Society
T: +44 1732904257
E: adrian.ballard@tonbridge-school.org
Registered Charity No. 1099162
