Are there any tax benefits to making a gift?
There are significant tax benefits from making a gift to the Campaign. Higher rate (40%) UK taxpayers can reclaim relief when they submit their tax returns, reducing the net annual cost, for example, of a £100,000 gift to £12,000pa over a 5 year pledge period. This also assumes the donation qualifies for Gift Aid, enabling us to claim an extra 25p for every pound given. It’s also worth remembering that you do not have to pay tax on land, property or shares that you donate to St Bart’s and you get tax relief on Capital Gains Tax and Income Tax. A gift in your Will to St Bart’s is free from Inheritance Tax and may reduce your Inheritance Tax rate if more than 10% of your estate is left to charity. You can donate a fixed amount, an item or specified gift, such as property or shares, or what is left after other gifts have been distributed by your Executor.