There are many ways you can help BHT help our harbour
Self Assessment Tax Return
Those who complete a Self Assessment Tax Return are able to nominate a charity to receive all or part of any repayment due to them by ticking a box on their return form.
Donation of shares
Donating shares and other investments can be a very effective way to help a charity, and also has considerable tax benefits for the donor.
Tax relief is available for securities listed on the UK Stock Market, the AIM and recognised stock exchanges overseas. It is also available for UK Unit Trust units and some foreign investments.
An individual can claim tax relief equal to the market value of the shares on the day the gift is made, together with any associated costs such as brokers’ fees. The relief is against income tax in that year.
Additionally, donors do not have to pay capital gains tax on any increase in the value of the shares since they bought them. However, any loss in value cannot be used to offset other capital gains tax liability.
Any donation left to the charity is completely free of Inheritance Tax and provides an ideal way of limiting the exposure of your estate to that taxation.
Your solicitor will advise you of the various forms a legacy can take. However, if you would like to discuss the matter in more detail with the Trust, please get in touch.
Gift Aid is an income tax relief designed to benefit charities and Community Amateur Sports Clubs (CASCs). If you’re a UK taxpayer, Gift Aid increases the value of your charity donations by 25%, because the charity can reclaim the basic rate of tax on your gift, at no extra cost to
You must fill out a Gift Aid Declaration (GAD) form (also available on the Donations website). This is a statement from you to the charity confirming that you want to donate through Gift Aid and receive tax back on your donation. Charities don’t pay tax on most types of income, which is why the tax paid on financial gifts can be claimed back.
Your donations won’t qualify for Gift Aid if they’re more than four times what you’ve paid in tax that tax year. If you stop paying enough tax at any point, you must tell the charity you’re donating to.