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Tax efficient giving

Gift Aid - how it works

If you are a UK tax payer then you can Gift Aid your donations to Sheffield Cathedral. Gift Aid allows us to reclaim an additional 28p in tax from the Inland Revenue for every £1 you donate, at no extra cost to yourself.

To qualify for Gift Aid, what you pay in income tax or capital gains tax must be at least equal to the amount we will claim in tax each year.

How to make a donation using Gift Aid

Tick the box on the donation form (printed or online) – we will do the rest
Complete the Gift Aid declaration form which will enable us to claim Gift Aid on all your future donations

Gifts made jointly by people living together

You can use Gift Aid for gifts you make jointly if you tell us how much each of you is giving and if you each make a Gift Aid declaration.

Claiming back higher rate tax

If you pay higher rate tax, you can claim the difference between the higher rate of tax (40 per cent) and the basic rate of tax (20 per cent) on the total (gross) value of your donation to the charity.

Giving through your pay or pension to charity

You can give money to charity directly from your pay or company/personal pension using the Payroll Giving scheme.

It costs you less because your donation is given to charity from your gross salary before any tax is taken off - so you don't pay tax on it.

Income Tax relief

Income Tax is a tax on your income. Your income includes the earnings you make from employment, your pension, interest on savings or income from rentals or a trust.

You can claim Income Tax relief and as a result lower your tax bill if you:

give land or buildings in the UK or qualifying* shares to Sheffield Cathedral
sell these to Sheffield Cathedral at less than their market value

*qualifying shares include those listed on any stock exchange.

Income Tax relief is not available if you are giving land, buildings or shares to a CASC.

Capital Gains Tax relief

Capital Gains Tax is a tax on the gain or profit you make when you sell or give away something that you own. You'll get relief from Capital Gains Tax when you:

Give any asset to Sheffield Cathedral

Sell any asset to Sheffield Cathedral for less than its market value

Giving to charity through your Self Assessment tax return

If you complete a Self Assessment tax return, you can donate any tax refunds directly to Sheffield Cathedral by filling out the relevant section on your tax return. You don't have to do any extra paperwork.

You can also use Gift Aid to add to the value of your donation. The money goes straight into Sheffield Cathedral’s bank account (along with the Gift Aid tax repayment) and we don’t have to do any extra paperwork to reclaim Gift Aid either.