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Tax concessions for flood donations

PA Wellington Donations by individuals and public companies for people affected by the recent flood in the whangapePawarenga region would qualify for tax concessions, said the Minister of Civil Defence, Mr Tapsell, yesterday. Individuals may claim a tax rebate of up to $2OO for the year ended March 31,

1986, for their donations. Public companies can receive tax relief on donations of up to $4OOO subject to certain conditions. The minimum donation for qualifying for that relief was $5. The Bank of New Zealand and local authorities would be the official collecting agencies for donations, Mr Tapsell said.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19860111.2.64

Bibliographic details

Press, 11 January 1986, Page 6

Word Count
103

Tax concessions for flood donations Press, 11 January 1986, Page 6

Tax concessions for flood donations Press, 11 January 1986, Page 6