30‑243 Amount of the deduction30‑243 Amount of the deduction

#### 30‑243 Amount of the deduction (1) If the contribution or gift is money, the amount of the deduction is the amount of money. (2) If the contribution or gift is property, the amount of the deduction is the lesser of: (a) the market value of the property on the day that you made the contribution or gift; and (b) the amount that you paid for the property. $1,500 limit on deductions (3) You cannot deduct more than $1,500 under this Subdivision for an income year for contributions and gifts to political parties. (4) You cannot deduct more than $1,500 under this Subdivision for an income year for contributions and gifts to \*independent candidates or \*independent members.