This paper focuses on the real life tax issues affecting charities, mutuals and non-profit bodies, including:
- the types of income covered by the mutuality principle
- charities deriving income from commercial activities post-word investments
- GST-free activities of charities and non-profit bodies
- application of concessions to non-commercial activities and fundraising events
- deductibility of gifts to charities and non-profit bodies
- role of private funds and the proposed private ancillary fund guidelines.