Tax Efficient Giving
As a registered charity St Mary’s can reclaim tax on all donations made by United Kingdom taxpayers thus maximising the value of the gift to the school.

Taking Advantage of Gift Aid
There is now no limit for Gift Aid donations which are the tax efficient way of giving for those who wish to make a gift or a series of single gifts without forward commitment. Income tax can be reclaimed. The higher rate tax relief also applies.

Extra Benefits for Higher Rate Taxpayers
If you are a higher rate taxpayer you can also claim unlimited personal tax relief at the difference between the basic and higher rates of income tax on the gross value of your gift. This means that a higher rate taxpayer can give a quarter more than a basic rate taxpayer for the same cost.

Donations by Companies
The procedure for company donations has now been greatly simplified. Companies can claim corporation tax relief on all donations to charities. So for a company paying corporation tax at 30%, the net cost of a donation worth £20,000 to the campaign, could be only £14,000.

Gifts of Shares
From April 2000, gifts of publicly quoted shares, in addition to being exempt from capital gains tax liability, enable the donor to claim income tax relief on the current value of the shares, which can make such gifts extremely tax efficient.

Other Gifts
Direct transfers of assets (such as property) and works of art do not incur capital gains tax. All outright gifts, including bequests are exempt from inheritance tax.

Overseas Residents
You can only donate by Gift Aid if you pay United Kingdom tax, but you can still spread your payments over a number of years by making use of a banker’s order which we would be happy to send you.

United States taxpayers can also make tax efficient donations.