Private ruling: Deductions - donations to deductible gift recipient
Date of advice: 7 February 2025
Published: 24 March 2025
Ruling period: Income year ending 30 June 20XX.
Date scheme commenced: 1 July 20XX.

Ruling: Q1: Are you entitled to a deduction for the value of the Property you gifted to Entity A, a deductible gift recipient, in accordance with item 1 of the table in section 30-15 of the Income Tax Assessment Act 1997 (ITAA 1997)? | A1: Yes. All relevant requirements under Division 30 of the ITAA 1997 are met to classify your gift of the Property as a gift for the purpose of section 30-15 of the ITAA 1997. As such, you are entitled to a deduction for the value of the Property in accordance with item 1 of the table in section 30-15 of the ITAA 1997.

Relevant facts and circumstances: Entity A is endorsed by the Australian Taxation Office as a deductible gift recipient. You acquired the Property from an unrelated entity. You gifted the Property to Entity A. Your gift was unconditional. Entity A has the full discretion as to the use of the Property. You did not and will not get any benefit or recognition for your gift.

Relevant legislative provisions: Income Tax Assessment Act 1997 Division 30 | Income Tax Assessment Act 1997section 30-15