Cultural Gifts

Introduction

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Donors of gifts made under the Cultural Gifts Program may be entitled to income tax deductions for their gifts.

This fact sheet discusses:

• the Cultural Gifts Program
• who can receive tax deductible donations under the program
• types of gifts that can be deductible under the program
• how property gifted under the program is valued
• the capital gains tax (CGT) implications, and
• claiming deductions for gifts.

Last Modified: Thursday, 8 May 2008