Tuesday, November 27, 2007

Crays an EFB donation?

The recently highlighted issue of a would be donor giving an OTT gift of crays to a political party and the Electoral Commission's freezer not being big enough, has been remedied, so as to become a non-issue.

Not by changing the EFB, as, but by the IRD getting h
ard on the interpretation of the definition of a donation.
A department spokesman confirmed that a "donation" had to be a "gift of money" of $5 or more

Charity dinners are now banned as tax deductions in whole, unless the donation component is specified on the ticket. Seems that these mutual admiration celebrity roasts are receiving services, so rightly, no deduction.

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