# Donating shares can prove very profitable for the wealthy

- Link: https://fundraising.co.uk/2002/10/24/donating-shares-can-prove-very-profitable-wealthy/
- Published: 2002-10-24T23:00:00+01:00
- Author: Howard Lake

The Independent looks at how entrepreneurs have donated shares to charity which 
have subsequently plunged in value but which have still reaped major tax benefits
for the donors.
The Independent cites the example of Nick Leslau, a property specialist
involved in the Knutsford company, who saved “saved £112,000 in tax by donating 
shares to a charity when they were suspended pending a deal.” The shares are now
worth less than £10,000 to the recipient, the British Wheelchair Sports Foundation.

Although entirely legal, the gift demonstrates, according to The Independent, the
need for a tightening up of the government’s share-giving scheme entitled “Giving
Shares and Securities to Charity” (IR178).

Read “Tax break saves entrepreneurs £440,000” by Nigel Cope at The Independent.

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