If you make a donation to the London Philharmonic Orchestra and you are a UK tax payer, then you can Gift Aid your donation. Using Gift Aid means that for every pound you give, the orchestra receives an extra 28 pence from the Inland Revenue, helping your donation go further. Gift Aid allows us to reclaim the basic rate of income tax you've paid on the donation. If you're a taxpayer, this means that £100 can be turned into £128 just so long as donations are made through Gift Aid. You must pay an amount of Income Tax and/or Capital Gains Tax at least equal to the tax that the London Philharmonic Orchestra reclaims on your donations in the appropriate tax year. On top of that, if you're a higher rate taxpayer, you can claim further tax relief on the donation in your annual tax return. For example, if you give the orchestra a donation of £1,000, you can reclaim £231 from the Inland Revenue in addition to the £282 which the orchestra can also reclaim. Gifts of Quoted Shares and Securities The rules on donating shares to charities offer donors to the orchestra a significant means by which to reduce taxes while maximising their donations. For example: As a higher rate tax payer, if you donate quoted shares worth £10,000 (on which you have a taxable gain of £5,000) you can reclaim full income tax relief on the gift and save 40% capital gains tax on the £5,000. This means your £10,000 donation to the orchestra would only cost £4,000. Donors may donate the following: listed shares and securities, units in authorised unit trusts, shares in open-ended investment companies, holdings in foreign collective investment schemes and unlisted shares or securities dealt with by a recognised stock exchange, such as the Alternative Investment Market. Back to top >