It is also possible to make a gift to Sportability that will allow you to claim tax relief. You can claim tax relief on gifts of listed shares, unit trusts and open-ended investment companies (Oeics). For example: A gift of £1,000 of unwanted stock could cut your tax bill by £220; or £500 if you are a higher rate taxpayer.
Please also note that charity bequest can help your inheritance planning. Gifts to charity, made within your will, are exempt from inheritance tax (IHT). Moreover, they are deducted from the calculation of your estate and can help to bring your estate below the IHT threshold of (at time of writing) £325,000.
And it doesn’t have to be cash – you can bequest items of value, such as jewellery, pieces of art or even vehicles, as well as or instead, of any cash sums.
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