Donate Shares

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Artwork by Moston Fields Primary SchoolMaking a charitable gift of shares can be a highly tax effective way of donating money to Manchester City Galleries Development Trust (Charity number 1048581), the charity that supports the work of Manchester City Galleries.  When you make a charitable gift of shares it is possible to do this at a substantially lower cost to yourself because of the generous tax relief that is available. When you make a gift of shares to charity, it is free from capital gains tax, and donors can claim income tax relief on the value of the donated shares.

The gift of shares works like this:

Basic rate tax payers (22 per cent)

  • If you donate shares worth £500 to Manchester City Galleries Development Trust, then you will be able to claim income tax relief of £110 (22 per cent of £500)
  • This means the donation has cost you £390, whilst Manchester City Galleries Development Trust has been given shares worth £500
  • You will also not have to pay any capital gains tax on the disposal of these shares

Higher rate tax payers (40 per cent)

  • If you donate shares worth £10,000 to Manchester City Galleries Development Trust, then you will be able to claim income tax relief of £4,000 (40 per cent of £10,000)
  • This means that the donation will cost you £6,000, whilst Manchester City Galleries Development Trust has been given shares worth £10,000
  • You will also not have to pay any capital gains tax on the disposal of these shares

These examples given above are for illustrative purposes only. The tax benefits you may be entitled to will depend on your personal circumstances. You should consider taking professional advice to ensure that your gift to Manchester City Galleries is structured in the most efficient manner.

Please go to the HM Revenue & Customs website for more information about share giving.

Donating shares to Manchester City Galleries Development Trust is very straight forward just follow the steps below:

  • Obtain a stock transfer form from the Company Registrar of the company whose shares you would like to donate. This name can be found at the bottom of the share certificate.
  • On the stock transfer form, in the box titled ‘Full name and postal address of the person to whom the security is transferred’ please write

    Manchester City Galleries Development Trust
    Manchester Art Gallery
    Mosley Street
    Manchester
    M2 3JL
     
  • Complete, sign and date the form. Remember to make a copy of this form as a record of your donation before sending it to us.
  • Please send your completed form, together with the share certificate to:

    Individual Giving Manager
    Development Unit
    Manchester Art Gallery
    Mosley Street
    Manchester
    M2 3JL