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VI-SA-GB

three VI-SA-GB members enjoying a wonderfully sunny and bright day in the cockpit - photo looking aft across a bright blue seascape with yachts in the distance.

Yacht donation

Why should I donate my boat to VI-SA-GB?

This is a question often asked when we or others suggest donating their boat toVI-SA-GB? There are two basic reasons why someone will donate their boat.

  • 1. It makes sound financial sense.
  • 2. They can’t afford or do not want to continue spending money to maintain and keep their boat, even if its currently listed for sale.
Those who pay taxes each year and are in the upper income-tax brackets should consider the advantages to themselves of donating their vessel to an HM Revenue and Customs qualifying Community Amateur Sports Club (CASC), to maximize their possible return on their boats investment.

Boat donations

Tax effective donations

There are numerous ways that donations by individual benefactors can attract the benefit of tax relief.

For instance, from the individual’s point of view, apart from the obvious moral benefits to them of giving to charity, there are also added benefits for higher rate tax payers who can claim back the difference between the higher rate of tax and the basic rate of tax.

Individuals are often unaware of this and this is something worth pointing out to potential donors if they have a boat that

  • They are not able to use as much anymore
  • Are considering maximising on the tax relief available under HM Revenue and Customs regulations

where someone wishes to gift an asset to a charity or community amateur sports club (CASC)

it is often better for tax purposes to sell the asset and gift aid the proceeds.

This is an area that is often overlooked by both donors and the beneficiary.

How does it work?

Such sales do not normally attract Gift Aid. However, a way to ensure that any such sales do retain this tax benefit is to offer to sell any goods for individual donors as an agent acting upon the donors behalf in the sale with an understanding that the donor will then donate the proceeds of sale, thus qualifying for Gift Aid. This is better known as Retail Gift Aid.

There are strict rules to ensure that any eventual donation by the individual donor from the sale of their own boat qualifies for Gift Aid.

These are that: List of 4 items

  • The boat remain the property of the owner until it is sold. It must be clear that it’s the owner who is selling the goods and not your charity or CASC – you’re just acting as an agent on their behalf.
  • The owner must have the right to keep all or part of the proceeds of the sale but can choose to donate all or part of the proceeds if they wish.
  • Your charity or CASC must contact the potential donor after the boat is sold and offer to pay them the proceeds from the sale of their boat.
  • The donor must make a Gift Aid declaration for any donations made.

What types of boat would help VI-SA-GB?

VI-SA-GB is currently seeking (donated) sail boats, especially an offshore -cruising yacht, newer or older vintage, able to accommodate a crew of 10 or more for extended periods of time at sea.

If you have any type of boat at all, and are unsure of its suitability please complete the ticket below and someone from VI-SA-GB will contact you by return

Name:

e-mail:

Message:


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The Visually Impaired Sailing Association of Great Britain receives no statutory funding and is entirely dependent on donations and contributions from companies, trusts and private individuals.

If you are planning to hold any kind of fundraising activity to raise money and/or awareness for The Visually Impaired Sailing Association of Great Britain please tell us about it and we’ll post it on our events calendar.

e-mail ... the basic details plus the relevant contact details if there are any and we’ll post it on our site within 48 hours.



VI-SA-GB logoAll information provided and presented by the association is protected by copyright © and other intellectual property laws. You may not reproduce, copy or transmit, in any form or by any means, electronic, mechanical, recording or otherwise, without the prior written permission of the association. Charity registration applied for