Donations to school building funds
Published Date: 28 Oct 2024
The 2024 Productivity Commission report into philanthropy has recommended that the tax deduction for donations to school building funds is abolished. Donations to school building funds are currently tax deductible to the individual or corporate donor. The Commission’s rationale was that school building funds benefit the parents and students at these schools, including ensuring that fees remained lower, and did not provide a public benefit, which is required for tax purposes. This article provides insights into why the tax deductible status of these funds should be abolished. The author argues that this is the fairer result from both historical and public policy perspectives.
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Details
- Published By: Fiona Martin CTA
- Published On:28 Oct 2024
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