Income Tax Act 2007 section 435

Incidental costs of making disposal

Section 435 defines the types of incidental costs that an individual may deduct when calculating the relievable amount on a gift of shares, securities or real property to charity under section 434.

• Professional fees paid to surveyors, valuers, auctioneers, accountants, agents or legal advisers, provided they are wholly and exclusively incurred for the purposes of the disposal
• Transfer or conveyance costs that are wholly and exclusively incurred by the individual for the purposes of the disposal
• Advertising costs incurred to find a buyer for the asset
• Costs reasonably incurred in making any valuation or apportionment required under the gifts to charity relief rules