• Valuing the contribution

    It is up to the contributor, not the DGR, to find out the value of the contribution.

    For contributions of cash, the value is the amount of the contribution.

    The method used to value a contribution of property depends on how the property was acquired.

    Where the property was purchased by the contributor during the 12 months before making the contribution, the value of the contribution is the lesser of both:

    • the market value of the property on the day that the contribution was made
    • the amount the contributor paid for the property.

    Property is purchased if it is acquired by way of bargain or sale for money or some other valuable consideration. Prizes won in raffles, property received as a gift and inherited property have not been purchased.

    Example – market value of a contribution

    Christine purchases a car for $20,000 and 11 months later contributes it to a DGR conducting a fundraising event. At the time the car is contributed, it is valued at $15,000. The value of Christine's contribution is assessed as the value of the property on the day the contribution was made, which is $15,000.

    End of example

    If the property was not purchased by the contributor during the 12 months before making the contribution (for example, the item was purchased more than 12 months earlier, it was inherited or acquired as a prize), the value of the property is the value as determined by the Commissioner.

    If a parcel of shares was acquired by the contributor 12 months or more before making the contribution, the value of the contribution is the market value at the time of the contribution. Shares are acquired if they are purchased, inherited, won, received as a gift or received as a bonus.

    See also:

    How supporters get valuations

    Last modified: 14 Oct 2015QC 46265