Private ruling: Donation to charity
Date of advice: 17 March 2022
Published: May 2022
Ruling period: Year ended 30 June 20XX | Year ending 30 June 20XX
Date scheme commenced: 1 July 20XX

Ruling: Q1: Is the proposed donation to a charity an allowable deduction? | A1: 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.

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