How do I give shares?
Giving shares is so convenient and efficient .
We'll handle all the administration! And you will get tax relief from the taxman on your gifts!
You can give shares and get exemption from capital gains tax, and get income tax relief on all your giving too!
To give shares please call us on 0845 130 3683 (local call rate at all times)
or e-mail us at keith@dovetrust.com for a special pack.
If you give shares to the dove trust, the market value of those shares will be deducted from your income for the tax year in which they are given, and any gains you have made will be exempt from Capital Gains Tax
This means that you will get tax refund, or lower tax bill, at the top rate of tax you pay.
For example, if you give a number of shares, valued at say £10,000, you could get up to £4,000 tax back (if you are a full 40% taxpayer)
Basic rate taxpayers would still get a tax refund of £2,200!
Great idea - if you also donate your tax relief to the dove trust, we can claim an extra 28.2% tax from the Inland Revenue, and your £10,000 share gift could mean that as much as £15,128 ends up in the trust, at only the cost of the shares to you!
Remember, all the value of the shares you give will be available (after deducting the very low dealing charges) for you to give away to good causes at your direction - with no administration or paperwork for the recipient to worry about!
We will agree with you how the shares will be dealt with after you have given them to us.
They can then be held in your dove trust account for sale by us at later date (the value of shares can go down as well as up), or turned into cash on deposit immediately through our exclusive connection with our stock broking company, Norwich & Peterborough Building Society Sharedealing Services, who have given us a very special deal for using their system.
The action we take will depend on our discussions with you, and when you wish to ask us to give away the money in your account.
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