[Busmanagers] BUILDING DONATION TAX DEDUCTABLE

Fri Nov 24 13:31:30 EST 2006

Hi Tracey, This is taken from the ATO Gift Pack - Cheers, Di

This publication can be downloaded in Portable Document Format (PDF).
Download GiftPack for deductible gift recipients & donors
<http://www.ato.gov.au/content/downloads/n3132-07-2006.pdf>  [668kB].

DGRs - other conditions - GiftPack for deductible gift recipients &
donors

Receipts

Income tax law specifies that certain information must be included on a
receipt issued by a DGR for a tax deductible gift or contribution. This
requirement applies not only to endorsed DGRs, but also to DGRs listed
by name in the income tax law.

If an endorsed DGR does not provide the information below on its
receipts, its endorsement may be revoked.

Gifts

When a DGR issues a receipt for a deductible gift, the receipt must
state:

*	the name of the fund, authority or institution to which the gift
has been made 
*	the DGR's ABN (if any - note: some DGRs listed by name might not
have an ABN), and 
*	the fact that the receipt is for a gift.

Example

The ZXC School is an endorsed DGR for the school building fund it
operates. The fund's name is the ZXC School Building Fund. For gifts to
the fund, the receipt must show:

*	'ZXC School Building Fund' 
*	the ABN of ZXC School, and 
*	that the receipt is for a gift.

Other information useful for donors includes:

*	the amount of money donated 
*	a description of any gifts of property, and 
*	the date of the gift.

Deductible contributions

When a DGR issues a receipt for a deductible contribution, the receipt
must specify:

*	the name and ABN (if any - note: some DGRs listed by name might
not have an ABN) of the DGR 
*	the fact that the contribution was made for 

	*	a right to attend a specified fundraising event, or 
	*	the purchase of goods and services as a successful
bidder at a fundraising auction. 

*	the amount of the contribution (if money), and 
*	the GST inclusive market value of the right or the goods or
services received in return for the contribution

Other information useful for contributors includes:

*	the date the contribution was made, and 
*	a description of the contribution if it was property.

See 'Contributions to DGRs <http://www.ato.gov.au/content/61193.htm> '
for an explanation of deductible contributions.

Diane Moore

Business Manager

Mornington PS

Phone - 5975 2561

Fax - 5975 8219

________________________________

From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of Glenferrie
Primary School
Sent: Friday, 24 November 2006 1:17 PM
To: Business Managers' Mailing List
Subject: RE: [Busmanagers] BUILDING DONATION TAX DEDUCTABLE 

The stamp must also have in brackets:

(Australian Taxation Office Ref VJ80/13)

I am not sure if that number is just ours or the common number for all
taxation office approve tax deductible funds.

Jeannie

Jeanette Riordan-Withy

Business Manager

Glenferrie Primary School

Manningtree Road

Hawthorn 3122

03 9818 4338

________________________________

From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of Brophy,
Marjorie J
Sent: Friday, 24 November 2006 1:02 PM
To: Business Managers' Mailing List
Subject: RE: [Busmanagers] BUILDING DONATION TAX DEDUCTABLE 

Tracey

The receipt must state the name of the fund to which the donation has
been made (eg. Ashwood College Building Fund), your ABN and the fact
that it is a donation.  Deductible is spelt with an 'i' not an 'a' on
Tax Information.

Marje Brophy

Business Manager

Korumburra Secondary College

5655 -1566

________________________________

From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of Green, Tracey
T
Sent: Friday, 24 November 2006 12:36 PM
To: busmanagers at edulists.com.au
Subject: [Busmanagers] BUILDING DONATION TAX DEDUCTABLE 

GOOD AFTERNOON

I WOULD LIKE TO ORGANISE A STAMP FOR OUR BUILIDNG DONATIONS DOES THERE
NEED TO BE SPECIFIC WORDING ON THIS STAMP!!!

Cheers

Tracey  :-)

Tracey Green

Business Manager

Ashwood College

green.tracey.t at edumail.vic.gov.au

Ph: 9807 1333 Fax: 9888 1441 

Important - This email and any attachments may be confidential. If
received in error, please contact us and delete all copies. Before
opening or using attachments check them for viruses and defects.
Regardless of any loss, damage or consequence, whether caused by the
negligence of the sender or not, resulting directly or indirectly from
the use of any attached files our liability is limited to resupplying
any affected attachments. Any representations or opinions expressed are
those of the individual sender, and not necessarily those of the
Department of Education & Training..

Important - This email and any attachments may be confidential. If received=
 in error, please contact us and delete all copies. Before opening or using=
 attachments check them for viruses and defects. Regardless of any loss, dam=
age or consequence, whether caused by the negligence of the sender or not, r=
esulting directly or indirectly from the use of any attached files our liabi=
lity is limited to resupplying any affected attachments. Any representations=
 or opinions expressed are those of the individual sender, and not necessari=
ly those of the Department of Education & Training..
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://www.edulists.com.au/pipermail/busmanagers/attachments/20061124/f6b359b6/attachment-0001.html