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  1. #1
    ShareTrader Legend Beagle's Avatar
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    You've answered your own questions correctly and the information is clearly displayed in the link you provided.
    The form to claim this on an annual basis is here https://www.ird.govt.nz/-/media/proj...ir526-2020.pdf
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  2. #2
    Senior Member
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    Quote Originally Posted by Beagle View Post
    You've answered your own questions correctly and the information is clearly displayed in the link you provided.
    The form to claim this on an annual basis is here https://www.ird.govt.nz/-/media/proj...ir526-2020.pdf
    It seems to be all there - I just wanted an outside opinion as I recall some years ago there was a limit on how much you can donate before there's no tax benefit. So from what I read, the limit is based on the year's total salary and any portion that is left unused in the donation, can be shared to the partner or spouse and within a 4 year time frame. IMO, this is VERY generous in NZ's tax perspective.

  3. #3
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by SBQ View Post
    It seems to be all there - I just wanted an outside opinion as I recall some years ago there was a limit on how much you can donate before there's no tax benefit. So from what I read, the limit is based on the year's total salary and any portion that is left unused in the donation, can be shared to the partner or spouse and within a 4 year time frame. IMO, this is VERY generous in NZ's tax perspective.
    Yes that's correct and it has been a major change from the pretty tight limit that prevailed a few years back. Makes giving decent amounts of money to very worthy causes even more of a rewarding experience than it used to be

    Its good to give back into the community, its the gift you give yourself, food for one's own soul. https://www.christianity.com/church/...o-receive.html
    Last edited by Beagle; 16-07-2020 at 02:34 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

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