30‑242 Deduction for political contribut30‑242 Deduction for political contributions and gifts

#### 30‑242 Deduction for political contributions and gifts (1) You can deduct any of the following for the income year in which they are made: (a) a contribution or gift to a political party that is registered under Part XI of the Commonwealth Electoral Act 1918 or under corresponding State or Territory legislation; (b) a contribution or gift to an individual when the individual is an \*independent candidate for a Commonwealth, State, Northern Territory or Australian Capital Territory election; (c) a contribution or gift to an individual who is, or was, an \*independent member of the Commonwealth Parliament, a State Parliament, the Legislative Assembly of the Northern Territory or the Legislative Assembly for the Australian Capital Territory. (2) The contribution or gift must be of: (a) money; or (b) property that you purchased during the 12 months before making the contribution or gift. (3) The value of the contribution or gift must be at least $2. (3A) You can deduct the contribution or gift only if: (a) you are an individual; and (b) you do not make the gift or contribution in the course of carrying on a \*business. (4) You cannot deduct a testamentary contribution or gift under this Subdivision. (5) A contribution or gift to an individual who is, or was, an \*independent member must be made: (a) when the individual is an independent member; or (b) if the individual ceases to be an independent member because: (i) a Parliament, a House of a Parliament or a Legislative Assembly is dissolved or has reached its maximum duration; or (ii) the individual comes up for election; after the individual ceases to be a member but before candidates for the resulting election are declared or otherwise publicly announced by an entity authorised under the relevant electoral legislation.