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  • Election to spread gift deduction

    Complete this form if you made a gift of money of $2 or more, or property valued by us at more than $5,000, and are electing to spread the tax deduction over up to five income years. You can also use this form to vary a previous election.

    Do not use this form to spread tax deductions for environmental giftsExternal Link, cultural gifts or heritage gifts. Different forms are used for these types of gifts.

    Next step:

    If you cannot download the form, call us on 1300 130 248 to have a paper copy posted to you.

    About the election and variation

    The use of the Election to spread gift deduction form to make a written election must:

    • be made before lodging the income tax return for the year in which the gift was made
    • start in the year in which the gift was made and continue for up to four of the years immediately following
    • contain the percentage to be claimed in each year. (the percentage for each year does not need to be the same, but the total percentage over the years cannot exceed 100%).

    If you use this form to make a written variation to a previous election,.the variation:

    • must be made before lodging the first tax return to which the variation applies
    • can only be made to any percentages to be claimed in tax returns that have not yet been lodged (the total percentage over the years cannot exceed 100%).

    Example

    In 2014-15, Rochelle donates a vehicle to a deductible gift recipient. The vehicle is valued by the Commissioner of Taxation at $30,000. Rochelle decides to spread the deduction over the five income years available for the apportionment. The first income year in which she can claim a portion of the deduction is 2014-15. Rochelle decides to apportion her deduction for the donation of the vehicle as follows:

    2015

    10%

    2016

    30%

    2017

    20%

    2018

    20%

    2019

    20%

    She makes a written record of the election by completing the form Election to spread gift deduction before lodging her 2014-15 tax return.

    In August 2017, Rochelle decides to vary the percentages of the deduction for the last two income years:

    2018

    20%

    2019

    20%

    Before she lodges her 2017-18 tax return, she makes a written variation to the percentages by completing another Election to spread gift deduction form.


    Find out more

    Tax-deductible gifts, including ATO valuation of property, refer to Gifts and fundraising.

    Last modified: 12 Jul 2018QC 24381