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UICK REFERENCE: What does the ATO consider to be a gift?

April 26, 2017ato gift Reference uick

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UICK REFERENCE: What does the ATO consider to be a gift?

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For a donor to claim a tax deduction for a gift it must: be truly a gift; be made to a deductible gift recipient (DGR); be a gift of money or property that is covered by a gift type; and comply with any relevant gift conditions.