John Maynard

Gifting shares to a registered charity. I wish to gift some shares to a local community project that is already an established registered charity. I've read the info on Gov.UK but would still appreciate clarification please. It is not my intention to make any personal financial gain whatsoever, but to gift all proceeds to the charity. Is it correct that I can simply gift shares, no matter what the gain in value, without there being any CGT implications on me? If so, would HMRC wish to receive any documentation from me? Alternatively, if the charity would prefer to receive the money instead, would I be able to cash in the shares and gift the full proceeds instead? Again, what would HMRC want me to produce?

My wife and I are of the age of needing to plan disposal of part of our assets. We have a number of shares in a company and they have increased in value considerably. We want to pass some on to her niece and to their children. Can you confirm whether CGT would be payable and if so would it be payable by us at the time of transfer. Most of the shares were acquired by me as part of a salary package back in 1983 and I don't know the original value of them . . . so how would the calculation be made?