Non-Profit News Service No. 0175 - New fact sheet: donations of listed shares

From 1 July 2007, a new tax deduction is available for gifts of listed shares acquired at least 12 months before the gift was made, and valued at $5,000 or less.

To provide donors and deductible gift recipients with information on the new concessions, the Tax Office has released a fact sheet Gifts of shares valued $5,000 or less.

The fact sheet explains:

• the requirements that must be met for such gifts to be tax deductible
• the amount that is allowed as a gift deduction
• when a deduction can be claimed, and
• other matters such as capital gains tax and shares contributed for a right to attend a fundraising event.

You can view the fact sheet on our website.

Feedback on the Non-Profit News Service and suggestions for future articles are encouraged. You can do this by: email: npc-publications@ato.gov.au phone: 1300 130 248, or fax: (07) 4753 7274.