Frequently Asked Questions

Should I donate my shares or sell them and donate the proceeds?

If you decide to sell the shares and donate the proceeds, the Latymer Foundation can claim Gift Aid and Transitional Relief (an extra 28p for every £1 donated) from HM Revenue and Customs. However, if you decide to donate your shares, you can claim personal tax relief but Latymer cannot claim Gift Aid.

What shares attract income tax relief?

Qualifying shares are broadly those that are publicly quoted. Their value is, therefore, readily known. This means that most shares are eligible.

Can I donate my unlisted shares?

Yes, unlisted shares are those that are not publicly traded on the open market, for example, shares in privately owned companies. Income tax relief is not available on gifts of non-qualifying shares, although any capital gain on the shares may be exempt from capital gains tax.

I have lost my share certificate – can I still donate them to Latymer?

You will need to get a replacement certificate before donating your shares. The company’s registrars will be able to help you do this. You will find their details on dividend vouchers or other information relating to your shares. Similarly, if a sole or joint shareholder has died you will need to contact the company’s registrar who will be able to advise you on the correct form of action before donating your shares.

What will Latymer do with my shares?

Latymer will sell the donated shares and use the proceeds according to your directions

We cannot accept responsibility for share certificates sent in the post, but your shares will still be registered in your name until the transfer is completed. 

Can I donate a small amount of shares to Latymer ?

Latymer cannot accept gifts of shares with a value of less than £10,000.

However ShareGift is a charity (registered charity no. 1052686) which specialises in accepting small shareholdings which are uneconomic to sell on their own. These shares are pooled and sold and the proceeds used to make donations to a wide range of UK registered charities. Share donors may make suggestions of the charities and charitable causes that they support; ShareGift uses this information to help to choose charities to receive donations. ShareGift does not accept applications for funding from charities. Please be aware that ShareGift cannot act as an agent or direct conduit for any donation – ShareGift’s trustees decide on donations and are not able to accept specific instructions. For more information about how ShareGift works please visit: www.sharegift.org or telephone 0207 930 3737.

RELATED PAGES:

• Donating shares to Latymer
• How the tax relief works 
• How do I donate my shares to Latymer?