Gifts of Land and Property

Gifts of Land and Property

Since 2002, if you give real property (land and buildings) to charity, the gift will be eligible for full tax relief from income and capital gains tax.  This is a very different way of giving to The Institute but if, for example, you have a small plot of land that is no longer useful, you may decide to donate it to The Institute.

This is a tax effective way of giving which applies to any property so long as the whole interest is given and the charity agrees to accept the gift.

Giving land/property to The Institute

• Contact us with details of your proposed gift.
• Once you have our agreement, transfer the gift to The Institute.
• Keep evidence of the gift, the date it was made and our acceptance.
• Claim the appropriate tax relief (in your Self Assessment tax return or  by requesting that your PAYE code is amended for the tax year or that your Self Assessment Payments on Account are reduced).
• Any benefits received as a result of making the gift will reduce your tax relief.

Further information is available at HM Revenue & Customs website or by telephoning the Revenue’s charity helpline on 0845 302 0203

Independent, professional advice

We would be delighted if you decide to make a gift of land/property to The Institute.  However, please ensure that you have taken the advice of your professional advisors before going ahead.

Thank you again, for thinking of The Institute.