givng shares to charity

mhoc

My m-i-l died this year and she had a few shares, literally ones or twos in about four companies. We have not sorted them out yet but none of them have produced a divident cheque. I have rung one of them via a number on the back of the cert and he went into huge detail about how to change the shares from m-i-ls name into my husbands, basically a huge ammount of hassle and more expense than the shares are worth.

I seem to remember vagely about being able to sign them over to charity. Have I imagines this?

Has anyone else done this and are there costs involved?

Mary

ReportInvestor

Sharegift can help.

Click on the "donating shares" section after you follow the link.

It shouldn't cost you anything.

"The shares are part of a deceased estate - can I still give them to ShareGift?

Yes you can but there is some additional paperwork required. If a sole shareholder has died, please send a sealed copy of the grant of probate. If there is no probate, you will need to contact the registrars who will tell you how to proceed. If a joint shareholder has died, please send a certified copy of the death certificate. Please let us know if the company’s registrars have already seen these documents – if they have, you will not need to send them."

See also this Observer article

GiveItBack

Also if you gift shares then you don't pay CGT, and can reclaim an amount against Income tax.

I would be delighted to tell you more next week if you PM me.