ato logo
Search Suggestion:

How donors get valuations

To claim a tax deduction for the value of a gift or contribution made to a deductible gift recipient (DGR), the supporter is required to find out the market value of the gift or contribution. How a supporter will work out the market value of the gift or contribution will depend on the type of gift or contribution they are making.

Last updated 24 July 2017

If your gift type is property valued over $5,000 you will require a valuation by us (the ATO).

To obtain a valuation from us you need to:

  • lodge the following forms together:  
    • Request for valuation – philanthropy program, which also includes details about the application fee payable on lodgment
    • Certificate of donation – philanthropy program, which describes the gift and confirms its donation to and receipt by the DGR. The DGR needs to acknowledge receipt of the donated property on this form.
  • pay the following fees:  
    • a non-refundable application fee, which will be credited against the total fee for the valuation
    • a fee for carrying out a valuation. After we have received the form and application fee, we will advise you in writing of the estimated charge for the valuation. The fee is the actual cost of the valuation, including all costs of the Commissioner in obtaining the valuation.

When we have completed the valuation of the donated property we will provide you with a Valuation certificate.

Claiming the cost of valuations

You can claim a deduction for the cost of getting a valuation if the valuation is made only to work out the market value of a deductible gift to claim a deduction.

You make the claim in the income year when the expense is incurred.

Next steps: