Gifts and Donations

Gifts and Donations

Posted on Posted in Deductions, Tax Planning, Taxation

Gifts and donations You can only claim a tax deduction for gifts and donations to organisations that have the status of deductible gift recipients (DGRs). Deductions for gifts are claimed by the person that makes the gift (the donor). For you to claim a tax deduction for a gift, it must meet four conditions: The […]