Tax effective giving
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- RSC's History Cycle
Gift Aid
With Gift Aid, you can increase the impact of your support by allowing the RSC to reclaim the tax paid on your donation. Through Gift Aid, the RSC can reclaim the tax paid on your donation from Inland Revenue at no extra cost to you. Currently, this represents an additional 28 pence for every £1 you donate.
To qualify for Gift Aid, you need to be pay an amount of UK income or capital gains tax equal to the amount that the RSC will reclaim on your donation.
When you donate, please look for the Gift Aid declaration on our donation form and the tick the box if you can.
Share Giving
Tax incentives for gifts of shares can make this option an attractive one for potential RSC supporters.
Individuals who give shares to a charity like the RSC are entitled to claim back full tax relief against the value of those shares. So, a gift of shares worth £1,000 will currently cost a higher rate taxpayer £600, and furthermore, no capital gains tax will apply.
Tax relief is available to UK taxpayers donating shares and securities listed on the UK Stock Market, the Alternative Investment Market, and recognised stock exchanges overseas. It is also available for units in a UK unit trust, shares in a UK open-ended investment company (OEIC), and some similar foreign investments. You can claim tax relief equal to the market value of the shares on the day you make the gift, together with any associated costs such as brokers' fees.
Furthermore, capital gains tax (CGT) on any increase in the value of the shares since you bought them, will not apply. However, if your shares have gone down in value, you should be aware that you will not be able to use this loss to offset any other CGT liability you may have.
For more information on Gift Aid or to make a gift of shares to the Royal Shakespeare Company, please call the RSC Campaign Team on 01789 272526.