Gifts of Shares
Making a charitable gift of shares can be a highly tax effective way of donating money to Marlborough College Foundation. When you make a charitable gift of shares it is possible to do this at a substantially lower cost to yourself because of the generous tax relief that is available.
Charitable gifts of shares are free from capital gains tax and since April 2000 individuals can get income tax relief, at their highest rate, for the full market value of shares on the date of transfer to Marlborough College Foundation. This means that you will not pay tax on the equivalent amount of your income in the year that you make the gift and you can obtain the tax relief on your self assessment tax return.
In order to qualify for the tax relief, the shares or securities must be; listed or dealt on a recognized UK or foreign stock exchange, units in authorised unit trusts, shares in a UK open-ended investment company or holdings in certain foreign collective investment schemes.
Please contact the Foundation Office for further information.