Gift types, requirements and valuation rules

If a donor makes a gift of money of $2 or more they may be able to claim a tax deduction. Money includes foreign currency and can be paid to you in various ways, including by cash, cheque, credit card or electronically. They can add together a series of gifts to you in an income year to work out whether their gift is $2 or more.

If a donor makes a gift of property within 12 months of purchasing it, they may be able to claim a tax deduction.

If a donor makes a gift of property that we value at more than $5,000 they may be able to claim a tax deduction.

If a donor makes a gift of listed shares valued at $5,000 or less within 12 months of acquiring them, they may be able to claim a tax deduction.

If a donor makes a gift of trading stock disposed of outside the ordinary course of their business, they may be able to claim a tax deduction.

If a donor gives a culturally significant item to a public art gallery, museum or library they may be entitled to a tax deduction for the market value of the gift. Also, property donated under the program is exempt from capital gains tax (CGT).

If a donor gives a gift of outstanding or significant natural, Indigenous or historic heritage or a culturally significant item to a National Trust organisation and the organisation accepts the gift to preserve it for the benefit of the public, the donor may be able to claim a tax deduction for the value of the gift.