Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 30.246

This Subdivision allows you to elect to spread deductions for certain gifts and covenants over up to 5 income years. There are some different requirements for environmental, heritage and cultural property gifts and conservation covenants.

Table of sections

Operative provisions

30 - 247   Gifts and covenants for which elections can be made

30 - 248   Making an election

30 - 249   Effect of election

30 - 249A   Requirements--environmental property gifts

30 - 249B   Requirements--heritage property gifts

30 - 249D   Requirements--conservation covenants