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Edited version of private advice
Authorisation Number: 1051962065142
Date of advice: 17 March 2022
Ruling
Subject: Donation to charity
Question
Is the proposed donation to a charity an allowable deduction?
Answer
Yes. Having considered your circumstances and the relevant factors, we confirm that in meeting the requirements of section 30-15 of the Income Tax Assessment Act 1997 (ITAA 1997) the deduction is allowable.
This ruling applies for the following period:
Year ended 30 June 20XX
Year ending 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You established the charity in the relevant financial year.
The charity is a deducible gift recipient.
You intend to make a sizable donation to the charity over a number of financial years.
The donations will be made in accordance with the requirements of section 30-15 of the ITAA 1997.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 30-15