Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:1_7
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 85541–88481

7  After Division 28
Insert:

Division 30—Gifts or contributions

Table of Subdivisions

  Guide to Division 30
30-A Deductions for gifts or contributions
30-B Tables of recipients for deductible gifts
30-C Rules applying to particular gifts of property
30-D Testamentary gifts under the Cultural Bequests Program
30-E Register of environmental organisations
30-F Register of cultural organisations
30-G Index to this Division

Guide to Division 30

30-1  What this Division is about

      This Division sets out the rules for working out deductions for certain gifts or contributions that you make.

Table of sections

30-5 How to find your way around this Division
30-10 Index

30-5  How to find your way around this Division

 (1) You should start at Subdivision 30-A unless you are making a testamentary gift under the Cultural Bequests Program.

Note: Subdivision 30-D deals with the deductibility of such a gift.

 (2) Subdivision 30-A contains a table of all the gifts and contributions that you can deduct. You need to look at the table to see whether the type of gift or contribution you are making is covered by it.

 (3) In some cases, the table sends you off to Subdivision 30-B. It has a number of tables that list particular funds, authorities or institutions that deductible gifts can be made to.

 (4) In other cases, the table sends you off to Subdivision 30-C. It contains rules that apply to particular gifts of property.

 (5) Subdivision 30-E requires the establishment of a register of *environmental organisations. Subdivision 30-F requires the establishment of a register of *cultural organisations. Their only relevance to you is that you can deduct a gift that you make to a fund listed on either register.

30-10  Index

  There is an index to this Division in Subdivision 30-G.

Subdivision 30-A—Deductions for gifts or contributions

Table of sections

30-15 Table of gifts or contributions that you can deduct

30-15  Table of gifts or contributions that you can deduct

 (1) You can deduct a gift or contribution that you make in the situations set out in the following table. It tells you:
  who the recipient of the gift or contribution can be; and
  the type of gift or contribution that you can make; and
  how much you can deduct for the gift or contribution; and
  any special conditions that apply.

 (2) A testamentary gift or contribution is not deductible under this section.

Note: Subdivision 30-D deals with the deductibility of testamentary gifts under the Cultural Bequests Program.

Deductible gifts or contributions
Recipient                          Type of gift or contribution                                                                                                How much you can deduct                                                                                                                                                                Special conditions