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19 Jul 077 Gifts of shares valued $5,000 or less

An ATO fact sheet is now available about changes impacting on gifts of shares valued $5,000 or less. From 1 July 2007, if you make a gift of listed shares valued at $5000 or less that you acquired at least 12 months earlier, you could be eligible to claim a deduction. This fact sheet explains the requirements for such gifts to be tax deductible.

For a copy of the ATO fact sheet, go here

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