Donate shares or tax refunds
Taxpayers can now donate some or all of any refund they get to a charity of their choice.
Inland Revenue will pay the money directly to the charity and it will also get basic rate tax relief on the sum.
In order to specify Marie Curie as your charity of choice, you need to write a code in the relevant box on the form. Our code is MAA08JG.
For more information visit www.hmrc.gov.uk
As always, when you give shares to Marie Curie, you can do so without attracting any capital gains tax.
Since 6 April 2000 the Government has introduced new tax incentives which means you can also reduce your taxable income by the full market value of the shares that you give.
The result of this is that the net cost to you is only a fraction of the gift that Marie Curie could actually receive.
How could I benefit from share giving?
Quite simply by the tax relief you will derive. If you are a higher rate taxpayer and were to give Marie Curie £1,000 in shares you will pay £400 less in income tax this year resulting in net cost of £600 for the donation. The tax relief is allowable against your capital tax bill if you do not pay income tax.
Similarly if you are a standard rate tax payer and were to give Marie Curie £1,000 in shares you will pay £220 less income tax this year resulting in net cost of £780 for the donation. The tax relief is allowable against your capital tax bill if you do not pay income tax.
What will Marie Curie do with the shares?
Marie Curie will sell the shares in order to spend the money raised to help terminally ill people and their families. Although we might hold them for a period before we dispose of them, it is never intended to keep them long term as an investment.
Is it better to give cash or shares to Marie Curie?
Whether or not you would like to give a cash gift or a share gift is your choice to make. We cannot give financial advice. If you are considering making a share gift and/or are undecided about whether cash is a better alternative you should consult your financial advisor, accountant or solicitor.
How do I give Marie Curie shares?
You can arrange to transfer shares to Marie Curie by completing a stock transfer form. The stock transfer from along with your share certificate should be sent to Marie Curie. We will then forward these to the registrar who will issue new share certificate in Marie Curie's name.
If you have a small number of shares, ShareGIFT, the charity share donation scheme, can help. It will accept your shares and then pool them with shares given by other people. The proceeds of these shares are donated to a number of charities.
ShareGIFT will also help in other ways. For example, you may wish to remain anonymous or to help more than one charity from the same shareholding.
You may sell the shares and give the proceeds to Marie Curie. However, it is important that you advise Marie Curie of your intention to sell and there must be an exchange of letters before the sale is made.
The Inland Revenue require that there must be satisfactory evidence of the shares being given to Marie Curie and Marie Curie asking you the donor to sell them on our behalf.
The evidence is important as failure to produce evidence will mean that you will not receive tax relief for the full value of the gift.
Can I talk to someone about this?
We cannot give financial advice but if you have decided that you would like to donate shares to us and would like to discuss it, either:
Call us on 0800 716 146
Write to us at:
Supporter Services Team,
Marie Curie Cancer Care,
Where can I read more about this?
Both ShareGIFT and The Charities Aid Foundation (CAF) provide a range of services to facilitate gifts of shares, large and small, including distributing the gift to more than one charity. You can contact them at:
Charities Aid Foundation
Phone: 01732 520000
46 Grosvenor Street
Phone: 020 7337 0501