Be a cheerful giver: get the taxman to give away money too!

Imagine that you have done really well as an investor and are now in the position to be generous to others less fortunate. Then you can give your shares to charity which means that you can take advantage of some tax breaks.

If you give shares, or sell them to a charity at less than their market value, you can claim income tax relief and lower your tax bill, as well as getting CGT relief. Shares allowed under this include those of LSEs Main Market and AIM as well as PLUS and many overseas shares.

If you bought some shares for £10,000 and they are now worth £20,000 you could hand them over to the charity of your choice and then deduct the market value from your normal taxable income. So ...

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