Donating Property

If you are looking for alternatives to giving cash, a donation of property such as land, shares, jewellery, a house or other assets may be the right way for you to support the Foundation.

If you would like to donate land with conservation value, please read on and learn how your property can be protected forever as part of the national parks estate.

For other gifts the Foundation will find a buyer and put the proceeds towards its conservation projects.

Donating Land

A donation of land to the Foundation is truly one of the greatest gifts you can make for conservation. It is a lasting legacy for generations to come.

It may be the ideal solution for you if you have land of conservation value and

• you do not use the land and wish for it to be preserved
• you are looking for ways to reduce tax burdens
• you do not wish to bequeath the land to your heirs or
• you would like to be released from the responsibility of managing the land

If you want to own and control your land during your lifetime, but assure its protection after your death, you can bequeath it in your will.

Contact our office 02 9221 1949 or print out and send in our donation form. (Close the Form window to return to this page).

Tax benefits for Property Donations

Since changes in 1999, the Income Tax Assessment Act

• Allows an income tax deduction in relation to gifts of property including land valued at more than $5000 by the Taxation Commissioner to eligible charities, regardless of when and how the property was acquired.
• Allows apportionment (spread) of deductions over five years in relation to these property donations.
• Provides a capital gains tax exemption for testamentary gifts of property (i.e. gifts made through a will or bequest).
  

For more information on tax incentives for property donations for conservation see http://www.deh.gov.au/biodiversity/publications/fact-sheets/incentives.html
http://www.avo.gov.au/philanthropy.htm

Case study: Donation as part of a Nature Reserve

In 2006 the Foundation received a generous donation of a property adjoining Tinderry Nature Reserve in NSW. The former owners are now able to claim a tax deduction over five years for their donation. The property borders the reserve on three sides and is bound by a river on the fourth. The Foundation will donate the property to the NSW Department of Environment and Conservation to become part of Tinderry Nature Reserve.

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