Taxation

ENVIRONMENTAL TAXATION CONCESSIONS

Bush Heritage Australia is entered on the Register of Environmental Organisations. The Register, administered by the Commonwealth Department of Environment and Heritage, assists environmental organisations obtain financial support from the community by providing donors with tax deductions on their donations.

All gifts of $2 or more to Bush Heritage are tax-deductible.

Deductible Gift Recipient

Bush Heritage is a Deductible Gift Recipient  (ABN 78 053 639 115) for the purposes of tax deductibility of donations made to it. It is also a prescribed organisation on the Australian Government Register of Environmental Organisations, a Charitable Institution and an Income Tax Exempt Charity, with consequent taxation exemption benefits.

Apportionment of a tax deductions

Tax deductions for a gift of money or property (including land, buildings or shares) to Bush Heritage valued at more than $5000 can be ‘apportioned’ (spread) over five years.

For example, if you made a gift of money or land valued at $100,000, you could claim a tax deduction of $20,000 over five subsequent years.

Donors wishing to benefit from apportionment of tax deductions must apply for the value of their gift to be verified through the Australian Valuation Office, and lodge an application with the Department of Environment and Heritage before submitting their tax return. For further information on the apportionment process, please visit the Department of Environment and Heritage website.

Capital gains

Testamentary gifts (i.e. bequests) of property (including land, buildings, shares) to Bush Heritage are exempt from capital gains tax.

Bush Heritage recommends that you seek independent financial and legal advice about the tax implications of a donation or bequest.