Eligibility – Gift Deductibility and other NFP Tax Concessions – the ATO view of requisite nexus with Australia

In order to access income tax concessions (exemption from tax, gift deductibility status, and access to franking credit refunds), NFPs must meet certain degrees of nexus with Australia. This article outlines the tests and then discusses the nexus pre-condition governing entitlement to gift deductibility. In an accompanying article ‘Tax Exemption and Refund of Franking Credits – the ATO view of the requisite nexus with Australia’, the other nexus pre-conditions are considered.

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Disclaimer: This article is based upon information available as at the time of publishing and may be subject to change.