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
7 Subsection 30-15(2) (after paragraph (c) in the cell at table item 7, column headed "Type of gift or contribution")
Insert:
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or (ca) *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 contribution is more than $150 and less than or equal to $5,000; and • you acquire the shares at least 12 months before making the contribution; |
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