If you complete a Self Assessment tax return and are entitled to a tax refund, you can choose to have all or part of the repayment sent directly to us as the charity of your choice. To donate your tax repayments to RfA you will need to fill out the SA100 form in your tax return pack or you can download a form here: SA100 TAX FORM PDF Format
You can claim income tax relief on gifts or sales below market value to RfA from shares and securities listed on the UK stock exchange (or on recognised foreign stock exchanges), units in an Authorised Unit Trust (AUT), shares in a UK Open-Ended Investment Company (OEIC), Securities on the Plus-Listed market operated by PLUS Markets plc (but not the Plus Traded or the Plus Quoted markets), holdings in certain foreign collective investment schemes (schemes set up outside the UK that are similar to AUT’s and OEIC’s) and Land and property in the UK.
You can claim capital gains tax relief when you give any asset to a charity or sell any asset to a charity for less than its market value. If you give an asset to us or sell it for less than it cost you, you’re treated as making ‘no gains or loss’ for Capital Gains Tax purposes, therefore you won’t have to pay any Capital Gains Tax.
Donating shares to RfA is one of the most tax-effective ways you can give money. You won’t have to pay any capital gains tax on the shares you donate and you can claim income tax relief too. If you are a higher rate taxpayer and give us shares worth £1000 you will pay £400 less in income tax this year. Also, you will not have to pay capital gains tax on any increase in the value of the shares since you bought them.(To qualify for income tax relief, the shares must be listed or dealt on a stock exchange)For more information about tax effective charitable giving, call the HM Revenue & Customs charities helpline on 0845 302 0203 (8am-5pm – Monday-Friday) or visit www.hmrc.gov.uk