From 1 April 2008, the rebate cap for individual donations is removed entirely.
Individuals making a donation to a valid charity are now able to claim 331/3% tax rebate for donations up to their annual net income.
Previously, individual donors were entitled to a tax rebate on donations only up to a maximum amount of $630 p.a.
These changes provide considerable benefits to the charitable sector, creating a more favourable tax environment to donors.
Parish Finance Committees are encouraged to build this significant change into the promotion and planning of their parish planned giving programmes.
Please refer the enclosed document which provides further information on the tax changes to charitable donations.