Tax Deductibility of Gifts to the United Israel Appeal Refugee Relief Fund
January 30, 1998Exempt Entity Assets that Become Depreciable: Esposure of Draft Legislation
February 10, 1998
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NO. 008
TAX DEDUCTIBILITY OF.gifTS TO MOUNT MACEDON MEMORIAL CROSS RESTORATION, DEVELOPMENT AND MAINTENANCE TRUST FUND
The Government has decided to amend the income tax law to allow tax deductions for gifts of the value of $2 or more made as from today for a period of one year to Mount Macedon Memorial Cross Restoration, Development and Maintenance Trust Fund. The purpose of the Fund is to raise moneys for the ongoing maintenance of the Mount Macedon Memorial Cross. The Cross was built in 1934-35 to commemorate the memory of those who served in the Great War, and is considered to be one of the most significant war memorials in Victoria. Legislation to give effect to the Government’s decision will be introduced as soon as practicable. CANBERRA 9 February 1998 Contact officer: Mark O’Connor Australian Taxation Office (02) 6216 1328 |