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Are assets donated to charities tax deductible and what is the process?

Posted 16 September 2015 under Tax Questions



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Chris says:
16 September 2015 at 10:21

Hi there. I am a photographer and I have been approached by a charity to donate one of my camera bodies to a student that they sponsor. Will I be able to claim back the current value of the camera body that I donate from tax? They are registered and will write a letter to confirm.

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TaxTimTaxTim says:
16 September 2015 at 21:14

If they are a registered PBO then yes they would need to include the value of the donation made which you can claim as a deduction.


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