EXEMPT FROM INCOME TAX
Sumner Lifeboat Donations
Donations of up to £25 in any one year made to the Sumner Lifeboat Institute can be deducted for the purposes of income tax exemption. Advice to this effect has been received by the president of the institute and M.P. for Lyttelton, Mr N. E. Kirk, from the Commissioner of Inland Revenue (Mr F. R Macken).
• Money is at present being raised by the institute for the replacement of the Sumner lifeboat.
Under legislation passed last year individuals are allowed deductions of up to £25 yearly for income tax purposes for their donations to non-profit, charitable, benevolent, philanthropic or cultural purposes.
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https://paperspast.natlib.govt.nz/newspapers/CHP19630212.2.147
Bibliographic details
Press, Volume CII, Issue 30054, 12 February 1963, Page 15
Word Count
108EXEMPT FROM INCOME TAX Press, Volume CII, Issue 30054, 12 February 1963, Page 15
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Acknowledgements
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