Charitable donations of goods and services
February 2011: Owens Tax Advisors Submission to Government and IRD re donations rebate
Following the Christchurch earthquake, and concerns raised by clients we have recommended that gifts by way of verifiable goods and services qualify for the Part LD donations deduction in the same way as cash. We have made this by way of open letter to the Prime Minister, Commissioner and Minister of Revenue. We invite messages of support to info@owenstax.com
February 2011 submission re donations
March 2011: Charitable donations of goods and services - update
We provide an update in respect of charitable donations, acknowledging support from accountants and some key representatives, and from the New Zealand Business Roundtable.
We also comment on how an amendment could be potentially structured
We also comment on how an amendment could be potentially structured
April 2011: Legislative amendment
The amendment applies to trading stock (as opposed to other goods and assets), only to the Christchurch earthquake as opposed to other disasters, and only for four months after the two relevant earthquakes.
However it is in effect an acknowledgement that the existing legislation doesn’t cope with an urgent need to donate goods, and we are hopeful that in due course the provision could be widened further.
We thank CPA Australia, Business Roundtable and others for their support
However it is in effect an acknowledgement that the existing legislation doesn’t cope with an urgent need to donate goods, and we are hopeful that in due course the provision could be widened further.
We thank CPA Australia, Business Roundtable and others for their support