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Not all donations and gifts are tax-deductible. It is important to do your research before you donate. The simple diagram below will help to determine if your donation is tax-deductible
First, does the organisation have an Australian ABN? A donation is only tax-deductible if it received by an organisation that has been endorsed by the Australian Taxation Office (ATO) as a deductible gift recipient (DGR).
NOTE: The charity registration number is not enough as the Australian Charities and Not-for-Profits Commission (ACNC) manage charity registrations and this is a separate department.
To determine if the charity you wish to donate to is a DGR organisation, use Australian Business Register and search for the organisation’s ABN: http://abr.business.gov.au/
Enter the ABN of the organisation and click search
Scroll down the page to the ‘deductible gift recipient status’, there you will see if the organisation has been endorsed as a deductible gift recipient by the ATO.
Secondly, you must ensure that what your donation is a gift. Gifts have the following characteristics
- No material benefit or advantage is received by the donor
- The transfer arises by way of benefaction
- There is a transfer of money or property
- The transfer is made voluntarily
The table below (Table 1) gives an indication of gifts that are deductible
Table 1: Gifts that are tax deductible
|Type of gift||For more information|
|Money (gifts of $2 or more)||
|Property (including trading stock and shares) you purchased during the 12 months before donating the gift – regardless of its value.||
|Trading stock disposed of outside of the ordinary course of your business.||More Info...|
|Property (including shares) valued by us at more than $5,000.||
|Shares in a listed public company valued at $5,000 or less that you held for 12 months or more.||
|Culturally significant property accepted by the DGR for inclusion in its collections.||
Places included in the:
- National Heritage List
- Commonwealth Heritage List
- Register of the National Estate.
You can claim a tax deduction for most gifts on your tax return in the financial year that it was given. For more information, please seek professional advice from our trusted accounting advisers.