Cultural and heritage gifts
Under the Cultural Gifts Program (the program), donors who make gifts of significant cultural items to public art galleries, museums and libraries may be eligible for a tax deduction for the market value of their gifts.
The Ministry for the artsExternal Link administers the program with advice from the Committee on Taxation Incentives for the Arts. The committee advises the secretary to the department on the approval of valuers to participate in the program and examines donations to make sure they conform to the program's requirements.
More information is available in relation to:
Gifts of property valued by the ATO at more than $5000 (Philanthropy program).