Donations offset tax payments

Last updated 12:24 25/10/2012

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In reply to Alaire Dunlop (Letters, October 18) money to charity is tax deductible, and if you are earning $6 million per year then any tax deduction is worth it.

Although share profits are mostly capital gains, non-taxable, (why this Government will not bring in capital gains tax) there will be the bad luck of having dividend payments that are taxable so this is where the charity payments are offset against.

It also should be noted that the Prime Minister's Office has been contributing to charities for long before this Government.

Ken Marshall


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- Kapiti Observer


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