Charitable Donations and Tax
Sep 12th 2006, 1:35 am
#1
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Charitable Donations and Tax
If I hypothetically gave $1000 to a charity can I claim this ALL back on tax? Confused as to how it works. Any help appreciated. Cheers.
Sep 12th 2006, 1:50 am
#2
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Re: Charitable Donations and Tax
Originally Posted by melaniee
If I hypothetically gave $1000 to a charity can I claim this ALL back on tax? Confused as to how it works. Any help appreciated. Cheers.
No doubt someone will speak up if I'm wrong
Sep 12th 2006, 1:57 am
#3
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Re: Charitable Donations and Tax
Originally Posted by sunnyskies
I think you can claim the tax back, ie if you are a 40% tax payer you can claim back $400.
No doubt someone will speak up if I'm wrong
No doubt someone will speak up if I'm wrong
Sep 12th 2006, 2:14 am
#4
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Re: Charitable Donations and Tax
Originally Posted by melaniee
If I hypothetically gave $1000 to a charity can I claim this ALL back on tax? Confused as to how it works. Any help appreciated. Cheers.
You are reducing your income by this $1000, so it is the tax that you would have paid on this amount.
Sep 12th 2006, 5:52 am
#5
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Re: Charitable Donations and Tax
Originally Posted by melaniee
If I hypothetically gave $1000 to a charity can I claim this ALL back on tax? Confused as to how it works. Any help appreciated. Cheers.
Assuming you're asking about Australian tax, have you looked at the ATO website?
Sep 12th 2006, 12:42 pm
#6
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Re: Charitable Donations and Tax
So it has to be an Australian charity or can it be overseas?
Originally Posted by JAJ
Assuming you're asking about Australian tax, have you looked at the ATO website?
Sep 12th 2006, 1:50 pm
#7
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Re: Charitable Donations and Tax
Originally Posted by melaniee
So it has to be an Australian charity or can it be overseas?
Originally Posted by JAJ
have you looked at the ATO website?
Looking at the DGR Table, most recipients must be Australian based with the exception of ancilliary funds.
So no I don't believe that it has to be an Australian charity.
Sep 12th 2006, 3:25 pm
#8
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Re: Charitable Donations and Tax
Originally Posted by melaniee
So it has to be an Australian charity or can it be overseas?
Another tip... anyhousehold can claim at least 50 dollars per Adult, Paid to collectors at the front door etc.... Without a Receipt !!! ..... Thats almost 3/4's of a tax agents fees.... just in that tip.
