― 503 ―
41. Chapter 25: Appendix C: Tax Treatment of Charities
| Income tax (a) | Gift duty (b) | Estate duty (c) | |
| 1. | 2. | 3. | 4. |
| ITAA 78 (1) (a) 9 | ITAA 23 (e) | GDAA 14 (d) | EDAA 8 (5) |
| Contributions to listed bodies deductible from income | Income of listed bodies exempt from tax, viz: | Duty on lifetime gifts to bodies exempt as under: | Duty on bequests to listed bodies exempt |
| Categories listed: e.g. public hospitals; ‘non-profit’ hospitals; public benefit institutions; public fund for relief of persons in Australia in necessitous circumstances; | religious, scientific, charitable and public educational institutions | ‘any gift to, or wholly for the benefit of, an institution, organisation or body of persons, whether corporate or unincorporate, not formed or carried on for the profit of any individuals’ | Categories listed: e.g. religious, scientific, or public educational; public hospitals; ‘non-profit’ hospitals; public benevolent institutions; |
| public university; public library, museum or art gallery | ITAA 23 (ea) Income of public and ‘non-profit’ hospitals exempt | Note: This clause gives exemption to all ‘non-profit’ bodies: those listed in columns 1 and 2 together with other sporting bodies and political associations are thus covered | public libraries; funds for relief of persons in necessitous circumstances in Australia |
| Individual bodies listed: e.g. Australian Elizabethan Theatre Trust; | ITAA 23 (j) Income exempt of: (i) a fund for public charitable purposes; (ii) a fund for scientific research in conjunction with public university or hospital | Individual bodies listed: e.g. Australian Council for Educational Research; | |
| Sydney Opera House Appeal; | Winston Churchill Memorial Trust; | ||
| Industrial Design Council; Australian National Travel Association | National Trust in the States | ||
| Note: Religious bodies not listed | Note: This section has much the same coverage as column 2. | ||
| note note | |||