Gifts of qualifying investments
Use this page to enter details of gifts of qualifying investments the client has made in shares and securities or real property.
This section includes the following tabs. Click on a heading to find out more about the boxes on each tab.
| Option | Description |
|---|---|
| Name of charity | Enter the name of the charitable organization. This name does not appear on the tax return. |
| Option | Description |
|---|---|
| Date of gift | Enter the date the shares and securities were gifted. |
| Description of asset | Enter a suitable description of the shares and securities gifted. |
| Market value of investment less related liabilities of the charity | Enter the market value at the date the shares and securities were gifted, less the value of any related liabilities of the charity in relation to the asset. |
| (Plus) Incidental costs of making the gift | Enter any such costs incurred in the making the gift of shares and securities, e.g. commission on transfer of title. |
| (Less) Amount of any consideration received | Enter the consideration received, if any, from the charity to which the shares and securities were gifted. |
| Value of gift | This box calculates the net sum of the three boxes above. This is the amount on which income tax relief is available. |
| Carry forward to next year | Select this check box if you want the Name of charity on the Main Details tab and the Description of asset on this tab to be carried forward to next year. The reason you may want to do so is that it is possible that the client will gift some shares and securities of the same description in tranches, e.g. 500 shares this year and 1,000 shares next year. |
Use this tab to enter details of Real Property gifted by the client.
| Option | Description |
|---|---|
| Date of gift | Enter the date the real property was gifted. |
| Description of asset | Enter a suitable description of the real property gifted. |
| Market value of investment less related liabilities of the charity | Enter the market value at the date the real property was gifted, less the value of any related liabilities of the charity in relation to the asset. |
| (Plus) Incidental costs of making the gift | Enter any such costs incurred in making the gift of real property, e.g. commission on transfer of title. |
| (Less) Amount of any consideration received | Enter the consideration received, if any, from the charity to which the real property was gifted. |
| Value of gift | This box calculates the net sum of the three boxes above. This is the amount on which income tax relief is available. |
How do I get here?
Reliefs > Gifts of qualifying investments
The tax year that you are entering details for is shown at the top of the data entry page. If you want to change the tax year, you should select a new date from the drop-down list at the top of the navigator.
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Auto calc - If you tick this option, the calculations will be automatically completed for you where possible. If you untick this box you will see a new tab appear called Summary.
Note: Not all data-entry forms have an Auto calc option.
- Estimated - Tick this box to indicate that the figures you've used are estimated. This will then show on the item in the navigator, and at the higher level folder in the navigator by showing a small e.
- Complete - Tick this to indicate that the form is complete. A green tick will appear on the item in the navigator and at the higher level folder in the navigator.
If you want to close the page without saving any of your changes, you can click Cancel. If you were adding new details, then nothing will be saved. If you were editing an existing item then the page will close, reverting to your previously saved details.