Are assets donated to charities tax deductible and what is the process?
By Marc Sevitz · Updated
Hi there. I am a photographer and I have been approached by a charity to donate one of my camera bodies to a student that they sponsor. Will I be able to claim back the current value of the camera body that I donate from tax? They are registered and will write a letter to confirm.
If they are a registered PBO then yes they would need to include the value of the donation made which you can claim as a deduction.