Shares

Images by Kathryn Louise Geels

Donating shares to LEAP is a less obvious way of supporting us to transform the lives of people by helping them to work their way out of poverty. Whatever the number or value of your shares there are tax benefits for you. By signing over your shares to LEAP there’s no capital gains tax and you can offset their value (on the day you transfer) against income tax.

This can be beneficial if you have a shareholding so small it’s not worth selling. It can also be useful to give shares to LEAP if you have used up your capital gains tax limit (you can make up to £7,900 of one-off gains a year before tax is applicable). By offloading some shares, the income tax write off means you get a double tax benefit.

The transfer form itself works as a record of the transfer and the responsibility of selling the shares moves to LEAP. We will then wait until we build up a bigger portfolio to cut down on stockbroking costs.

If you are interested in donating shares to LEAP and you would like to know more, please speak to your Accountant.