Tax Efficient.

• Gift Aid
• Self-Assessment Tax Return
• Payroll Giving
• Gifts of Shares
• Gifts of Land or Buildings

Gift Aid
Using Gift Aid means The Eve Appeal can reclaim the tax on your donations so for every £1 that you give, we get an extra 28p from the Inland Revenue, helping your donation go further. This means that £100 can be turned in £128 just so long as donations are made through Gift Aid.

Gift Aid makes an enormous difference to The Eve Appeal and costs you nothing extra. So if you want your donations to go further, Gift Aid it. It’s that simple!

Higher-rate taxpayers are able to claim personal tax relief on the difference between the higher rate of tax and the basic rate of tax in your Self Assessment Return. This is worth an additional £0.23 for every pound donated.

Examples:
Basic rate taxpayer Donation amount £100
Amount reclaimed by The Eve Appeal from the Inland Revenue £28
Total received by The Eve Appeal £128

Higher rate taxpayer Donation amount £100
Amount reclaimed by The Eve Appeal from the Inland Revenue £28
Total received by The Eve Appeal £128
Amount reclaimed by donor in tax return £23
Cost to donor to give £128 to The Eve Appeal £77

For Gift Aid to qualify the donor must be a UK taxpayer and must pay enough income tax or capital gains tax to at least equal the amount of tax The Eve Appeal will claim on their donation in a tax year.

Self-Assessment Tax Return
If you fill in an annual Self-Assessment Tax Return then you can opt to donate to charity some or all of any tax refund that you may be due. It’s simply a matter of ticking the appropriate box on the form and quoting The Eve Appeal’s unique reference number: PAF39MG.

The Inland Revenue will automatically add the Gift Aid benefit.

Payroll Giving
Payroll Giving is an extremely tax-effective way to give on-off or regular amounts to one or more charities. Once the system is set up, donations are deducted automatically and therefore require no effort from the donor.

All of the tax-relief is given to the donor. The donation is taken from pay before tax is calculated under PAYE and so less tax is taken from the donor’s pay.

Employees
Payroll Giving allows you to give more to charity, for less. A monthly gift of £20 will cost a basic rate taxpayer just £15.60 from their net pay. It is simple and hassle free, and with donations being deducted automatically from your salary, you probably won’t even miss the money.

Employers
It is simple and inexpensive to set up and run the scheme. Administration costs are deductible from the profits for tax purposes. The Giving Campaign have produced toolkits to help you. These can be downloaded from their website or you can order a free CD Rom.

Offering Payroll Giving can help to improve your image, enhances community involvement and supports employee volunteering. You can even decide to match employees’ donations and incorporate the scheme into your charity support programme.

The administration process is made simple because you sign up with an approved Payroll Giving Agency, who administer the scheme on your behalf.

Anyone paid under Pay As You Earn can use Payroll Giving to donate to The Eve Appeal.

For further information visit contact us. Or visit www.thegivingcampaign.org.uk

Perhaps you have windfall shares as a result of privatisation or de-mutualistation, or perhaps you own small numbers of shares that are uneconomical to sell and are therefore collecting dust.

Whether a small, medium or large share donation, The Eve Appeal will be happy to discuss the donation, we will however, need to discuss the arrangements carefully with our advisers and your advisers to ensure that the process is carried out properly.

Please contact us for more details.

Gifts of Land or Buildings
We can also accept gifts of land or property in a donor’s lifetime and these gifts attract tax incentives. This tax relief applies to any property that is donated and that The Eve Appeal agrees to accept.

Tax relief is given for the market value of the property as a deduction from your income chargeable to income tax for the year in which the gift is made. The income tax relief is in addition to any exemption from capital gains tax that may also be available to the donor. All the tax relief goes to the donor of the property.

Example:
Value of property: £100,000
Cost of transfer: £2,500
Deduction against income: £102,500

Assuming that the donor is paying income tax at the higher rate of 40% then their income tax bill will be reduced by (102,500 at 40%) £41,000.

Any buildings, whether leasehold or freehold, are eligible for relief from tax provided that the donor’s interest in the property is given to the charity. For example, a donor cannot give a property to charity and then continue to live in it because that would be retaining an interest in the property.

Offers of gifts of land or buildings are often of significant value to our charity and we will therefore need to discuss the arrangements carefully with our own advisers and your own advisers to ensure that the process is carried out properly. You should also seek any necessary tax advice from your financial advisers.

Please contact us if you are interested in leaving such a gift.