Newsletter
October 2010 Newsletter
Donations to New Zealand Christchurch Earthquake
The Government has announced that all donations by Australians to the Christchurch earthquake will be tax deductible. The earthquake has been recognised as a disaster for Australian tax purposes. The Assistant Treasurer said the declaration means public funds established and maintained by a public benevolent institution solely to provide money for the relief of people in New Zealand who are in distress as a result of the Christchurch earthquake can be endorsed as ‘developed country relief funds’. He said donations to such funds are tax deductible for a period of two years from 4 September 2010.
TIP: Taxpayers should keep evidence documenting their donations (eg receipts or bank statements).