RE1859 - Gifts of Land, Buildings, Shares & Securities to Charity: claiming the relief

Individuals will normally claim relief in their SA Returns.

Some individual taxpayers may request that the relief be given by way of a freestanding repayment or, exceptionally, by way of an in-year coding adjustment. No special form is provided for this purposes.

However, the individual will need to identify:

• the qualifying investment(s) disposed of,
• the number disposed of(where shares or securities are involved)
• a certificate from the charity acknowledging acquisition of land or buildings
• a confirmed valuation of the land or buildings
• the date of disposal
• the charity to which the qualifying investments were transferred
• the amount of relief claimed

Relief is be given by way of a coding adjustment. You should use the descriptor CR (Concessional Relief) and provide the taxpayer with an explanation in the Freehand Notes field. If the adjustment runs to more than 5 digits it will have to be made manually (EP2538 refers).