Tickets purchased in yourtown Prize Home and Prestige Car draws do not qualify for a tax deduction under current Australian government taxation laws since your ticket purchase offers the potential for personal gain (i.e winning a prize) and does not meet the criteria for tax deductibility.
A donation must truly be a gift or donation – that is, you are voluntarily transferring money or property without receiving, or expecting to receive, any material benefit or advantage in return. A material benefit is something that has a monetary value. You can only claim a tax deduction for a gift or donation over $2 to an organisation such as yourtown that has the status of a Deductible Gift Recipient (DGR).
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