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
1 Subsection 30-15(2) (table item 1, at the end of the column headed "Type of gift or contribution")
Add:
|
; or (e) *shares that you have acquired in a *listed public company if: • the shares are listed for quotation in the official list of a stock exchange that is listed under the heading “Australia” in regulations made for the purposes of the definition of *approved stock exchange; and • the *market value of the shares on the day you made the gift is $5,000 or less; and • you acquire the shares at least 12 months before making the gift. |