(From Tasmanian Land Conservancy Newsletter, Issue 41 Winter 2014)
"A very effective way to sell parcels of shares and maximise the benefit of maxing a tax-deductible donation to the TLC, is through the not-for-profit charity, Sharegift Australia.
Often selling shares through a financial broker attracts a fee that can substantially affect your return. The Sharegift Australia Independent charitable Fund provides a convenient and cost-effective way to sell and then donate parcels of shares without paying a brokerage fee.
For example, if you bought a parcel of shares for $500 and they increased in value to $1000 and you donated them to the TLC via Sharegift Australia, you would have a capital gain of $500 (reduced to $250 if the shares were held for longer than 12 months). This gain would then be offset with a tax deduction of $1000 and Sharegift Australia would pass on the full market value of the shares (on the day of trade) without charging any fee as a donation on your behalf.
Www.sharehiftaustralia.org.au
"A very effective way to sell parcels of shares and maximise the benefit of maxing a tax-deductible donation to the TLC, is through the not-for-profit charity, Sharegift Australia.
Often selling shares through a financial broker attracts a fee that can substantially affect your return. The Sharegift Australia Independent charitable Fund provides a convenient and cost-effective way to sell and then donate parcels of shares without paying a brokerage fee.
For example, if you bought a parcel of shares for $500 and they increased in value to $1000 and you donated them to the TLC via Sharegift Australia, you would have a capital gain of $500 (reduced to $250 if the shares were held for longer than 12 months). This gain would then be offset with a tax deduction of $1000 and Sharegift Australia would pass on the full market value of the shares (on the day of trade) without charging any fee as a donation on your behalf.
Www.sharehiftaustralia.org.au