Charities cash in on gift of shares

A mystery donor is giving charities shares in a laminate floor company worth millions of pounds.

The NSPCC cashed more than £2m-worth of shares in Floors-2-Go shortly before Christmas. Now the Teenage Cancer Trust is debating whether to sell a stake it has been given in the same firm.

The trust could be in line for £1m if takeover speculation surrounding the firm proves correct and shares rocket as experts predict.

"We were very happy to hear the shares could be worth £1m," said the trust's head of public relations, Lucy Shure. "Our trustees will seek professional advice."

John Graham, director of finance at the NSPCC, said: "The changes to tax laws that allow donations to be made in this way make money available to charities that was never before available."

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