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Elections: Outlays by candidates, and gifts and donations for candidates

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Published on 01 Aug 19 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Many practitioners are about to wrestle, perhaps for the first time, with the deductibility of outlays incurred in relation to elections, whether as gifts or donations for candidates, whether by candidates themselves and whether in relation to federal, state or municipal elections. In the first part of the article, the author examines the tax treatment of donations or gifts made for, by or on behalf of candidates in the May 2019 federal election. The relevant tax provisions were last amended in 2010. In the second part of the article, the author considers the deductibility of outlays made by candidates themselves and the consequences of a recoupment. The article does not consider outlays in relation to elections conducted for internal positions within political parties  or for elections conducted by trade unions or similar bodies.

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Chris WALLIS
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