Gifts of shares valued $5,000 or less

Introduction

Gifts to a deductible gift recipient (DGR) of listed shares valued at $5,000 or less that you acquired 12 months or more before you donated them may be tax deductible. Testamentary gifts (gifts made under a will) are not tax deductible.

This fact sheet discusses:

• what shares qualify for this gift type
• who can receive tax deductible gifts of shares
• how much you can claim as a deduction
• when you can claim a deduction
• what other income tax matters apply.

Gifts of shares may also meet the requirements of the following gift types:

• property purchased during the 12 months before making the gift
• property valued by us at more than $5,000
• trading stock disposed outside of the ordinary course of your business.

You can use the gift type that is most appropriate for your gift.

For more information about the other gift types, refer to our guide Making tax deductible gifts and contributions.