If you decide that you would like to donate land or buildings to the University you can benefit from Income Tax relief and exemption from Capital Gains Tax.
Tax relief for a donation of land or buildings is given for the market value of the property as a deduction from your Income Tax liability for the tax year when the gift is made. The Income Tax relief is in addition to exemption from Capital Gains Tax. See the diagram below for further information on how you might benefit from a donation of this kind.
The example bellows how gifts of land or buildings benefit the University and the benefits for UK higher rate taxpayers. A larger version of this example can be found here.
Using this example Tax payers at the higher tax rate of 40% for donations of this kind would see a potential reduction of £41,000 (£102,500 @ 40%) in your Income Tax bill. And tax payers at the higher tax rate of £45% for donations of this kind would see a potential reduction of £46,125 (£102,500 @ 45%) in your Income Tax bill.
For further information please contact the Office of Development and Alumni Relations or phone on +44 (0)23 8059 9079.
create space and opportunity for the future.