Gifting your assets

If you’re looking to give a family member a gift or donate to a favourite charity, you might feel it sullies the gesture to think about the tax implications. But there are generous tax reliefs offered by HMRC, which could mean more money for your beneficiaries or the charitable causes you support. Making gifts to individuals more than seven years before you pass away can be a good way to reduce inheritance tax. And then there’s gifting shares to charity, where the proceeds are exempt from capital gains tax and also attract income tax relief, making the gift of shares potentially very tax efficient.

What to consider when gifting

How we work with you

Direct access
Our qualified team of professionals is at your service. When you speak to your representative, you know they’re on top of the issues that affect you.

A tailored solution
You will receive a personal service. We provide recommendations tailored to your portfolio.

A unique holistic financial plan
We consider your investments, tax and financial planning when considering your gift to your chosen charity or beneficiary.

Administration
We can take care of the details when administering your gift.

* References to taxation are based on Smith & Williamson’s understanding of current tax legislation and HM Revenue & Customs practice, which may change in the future. 

The value of investments and the income from them can fall as well as rise and you may not receive back the original amount invested.

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We can help you take care of your finances, and ensure you make the most of your money today with the support of our wealth management experts.

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Nick Richards

Partner, London

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