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On theTax Deductible Donation Australia

Tax Deductible Donation Australia

The subject tax deductible donation Australia is one that is basic when you are gathering information about making a donation to any charitable organisation. 

In case you are serious and already planning to make a donation to a charity then you need to keep reading. Some donations — at least, that’s what I have gathered from reliable sources — to charity can be claimed as tax deductions. Isn’t that wonderful? Yes, you can claim them on your individual tax return every year. Concerning donations, for them to be considered tax deductible, they must be made to an organisation that’s endorsed as a Deductible Gift Recipient (DGR), and must be a genuine gift. What this means is that one can’t receive any benefit from the donation. Otherwise the donation won’t be considered as a real gift. This also means that purchases from a charity that includes items, raffle tickets, or food can’t be claimed as tax deductible gifts. That’s very clear. Now, remember, we’re discussing about tax deductible donation Australia.

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