GIFTS TO SCHOOLS
Deductible From Tax Gifts of up to £25 a year to State school committees or parent-teacher associations for the benefit of a school are deductible for income tax purposes, according to a ruling obtained by the Canterbury School Committees’ Association. The secretary (Mr R. W. Taylor) told members that a tax information sheet indicated this concession but the income tax return form was not clear. The Wellington headquarters of the Inland Revenue Department had not given a ruling that gifts of over £1 up to the limit could be claimed as deductions. Mr Taylor said the point had been raised because of an apparent anomaly in granting concessions for gifts to private schools only. The ruling placed all schools on the same footing. Mr R. K. Milne asked what would now happen to a Banks Avenue School delegate who claimed deductions for gifts to hjs school but was refused. Mr Taylor said he thought a large number of amended returns might now be made.
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Bibliographic details
Press, Volume CIII, Issue 30543, 11 September 1964, Page 7
Word Count
167GIFTS TO SCHOOLS Press, Volume CIII, Issue 30543, 11 September 1964, Page 7
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