Tax Laws Amendment (2007 Measures No. 2) Act 2007 (78 of 2007)
Schedule 4 Donation of listed shares to deductible gift recipients
Income Tax Assessment Act 1997
9 Subsection 30-15(2) (after paragraph (c) in the cell at table item 7, column headed "Special conditions")
Insert:
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(ca) if the contribution is shares described in paragraph (ca) of the column headed “Type of gift or contribution” - the GST inclusive market value, on the day you made the contribution, of the right to attend, or participate in, the fund-raising event must not exceed the lesser of: • 20% of the market value of the shares on the day you made the contribution; and • $150; and |