News + Media

Government scraps philanthropic donation fees

June 01st, 2015

Philanthropists will no longer need to pay fees to the Australian Taxation Office (ATO) to donate listed shares and managed funds.

As part of the package, donors will no longer need to pay a $241 fee to the ATO to obtain valuations when they want to donate listed shares or managed funds greater than $5,000.

The government will also enhance portability for private ancillary funds (PAFs) in the winding up phase.

Read the full article - Financial Standard

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