Christ Church Crest
 
 
   
 
 
 

Making a Gift From the UK

Monetary donations

Graffitti on Door below The Hall

You can make a monetary donation to the House in a number of ways; either as a single gift, or as a regular gift over a fixed period of time.

Following changes in the law regarding charitable donations from individuals in the United Kingdom, Christ Church is able to reclaim tax on your gifts if you are a UK taxpayer and indicate your willingness for us to do this on a Gift Aid declaration form (incorporated into the donation form). You can also make this declaration to us verbally.

Gift Aid is applicable to all donations including single gifts and regular giving. If you pay tax at the higher rate, you can claim relief on the additional 18% tax paid on your tax return. You can donate this additional tax relief directly to Christ Church by filling in our charity code (WAC25RG) on your tax return, making your gift worth even more to the college at no additional cost to you

Higher rate taxpayers who are expecting a refund of overpaid tax from the Inland Revenue can also use this code on their tax return to donate any refund of tax directly to the House.

The table below indicates how Christ Church benefits from Gift Aid.

You wish to donate each year Inland revenue gives Christ Church each year Christ Church receives each year Actual cost to you each year after tax at 40% (higher rate taxpayer)
£10,000 £2821 £12,821 £7692
£5000 £1410 £6410 £3846
£2500 £705 £3205 £1923
£1000 £282 £1282 £769
£500 £141 £641 £384
£250 £71 £321 £192
£100 £28 £128 £77

For a donation form, please click here.

Gift of Shares

All donations of shares will receive income tax relief of 100% of their market value. This means that if you give shares worth £100,000 to the House you will receive income tax relief based on this in full ie £40,000 at the higher rate of tax. Clearly this is a wonderful tax break, as it goes directly, and in timely manner, to the donor.

The only requirements to make such a saving are that as a donor you must:

  • Claim the tax relief yourself in your tax return
  • Be liable to pay the amount of tax deducted (ie the gift can not give rise to a tax credit)
  • Give the shares intact to Christ Church (ie not sell them first)
  • Give listed shares or securities, units in authorised unit trusts, shares in open-ended investment companies, holdings in foreign collective investment schemes or unlisted shares or securities dealt in on a recognised stock exchange, such as the Alternative Investment Market

In addition to the income tax saving, donors making gifts of shares will not attract any capital gains tax liability. All shares donated to charity give rise neither to a gain or loss for capital gains tax purposes. Hence, if a taxpayer makes a gift with £100,000 worth of capital gains (after indexation, taper relief and the annual exemption amount) to charity, there will be no capital gains tax on this gift; a potential saving of £40,000.

Together, these mean that a taxpayer making a gift of £200,000 (with a taxable capital appreciation of £100,000) could pay as much as £120,000 less in tax compared to a non-charitable disposal.

Gifts of Real Property

From April 2002, gifts of property, i.e. land and buildings to a charity have been given relief from income tax in a similar way to gifts of shares. The donor deducts the full market value of the property, less anything received in return, from their income for tax purposes.

Give As You Earn

Under the Give As You Earn payroll giving scheme, employees can authorise their employer to deduct charitable donations from their pay before calculating Pay as You Earn tax. In this way an employee automatically gets tax relief at their top rate of tax. There is no limit to the amount that can be given under this scheme.

If you are considering a gift of shares, property or payroll giving please contact the Development and Alumni Office advice on how to make your gift.

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