Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:1_4
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 96368–99925

4                                  (a) the Australiana Fund; or                                                                                                A gift of property (except an estate or interest in land or in a building or part of a building).                                                                                      The general rule is that you can deduct the average of the market values specified in the written valuations you get from approved valuers.                                                            (a) the property must be accepted by the recipient for inclusion in a collection it is maintaining or establishing; and
                                   (b) a public library in Australia; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     (b) the value of the gift must be $2 or more; and
                                   (c) a public museum in Australia; or                                                                                                                                                                                                                                                                               Subdivision 30-C sets out:                                                                                                                                                                             (c) you must satisfy the valuation requirements in section 30-200, unless section 30-205 (about the sale price being assessable) applies.
                                   (d) a public art gallery in Australia; or                                                                                                                                                                                                                                                                          (a) how a person becomes an approved valuer; and
                                   (e) an institution in Australia consisting of a public library, a public museum and a public art gallery or any 2 of them.                                                                                                                                                                                         (b) the exceptions to the general rule; and
                                                                                                                                                                                                                                                                                                                                                      (c) the situations when the amount you can deduct is reduced.

                                                                                                                                                                                                                                                                                                                                                      If the property is jointly owned, see section 30-225 to work out how much of the gift you can deduct.