Nigel Hunt
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RE: CGT on shares gifted to a registered charity
Ok, thanks. -
CGT on shares gifted to a registered charity
I want to give some shares now worth £10,000 to a registered charity. The shares cost £6,000. I think this gift is exempt from CGT. The charity prefers me to sell the shares on their behalf, and gift them the proceeds instead.. If I make the gift this way, is it still exempt from CGT? Can the charity claim Gift Aid on the £10,000, and can I use the gross gift of £12,500 to increase my basic rate income tax band?