If you made financial donations to the Cambridge Arts & Sculpture Trust Board, which is a donee organisation, you may be able to claim a tax credit. To claim a tax credit you need to file a Tax credit claim form (IR526) for the relevant tax year.

You can claim a tax credit if you:

• made a donation of $5 or more to the Cambridge Arts & Sculpture Trust Board where there is no identifiable direct benefit to you or your family;
• earned taxable income (such as salary or wages, benefit, NZ Super, self-employed income, interest and dividends) during the year you're claiming for
• were resident in New Zealand at any time during that tax year, and
• are an individual (not a company, trust or partnership).

Maximum amounts you can claim

The total donations you claim can't exceed your taxable income for the year. If they do, you can claim donations up to the amount of your taxable income.

The maximum tax credits you can claim are set out below.

You can claim the lesser of:

• 33.3333% of the total donations you've made, or
• 33.3333% of your taxable income.

Sharing receipts: married couples, civil unions and de facto relationships

If you have a spouse, civil union partner, or a de facto partner who is eligible to make a claim, they can claim the balance of your donation up to the relevant maximum. This applies whether the receipt is in one person's name or in joint names.

If you do share your receipts with your spouse/partner you'll need to advise the Inland Revenue of their details when you make your claim.

Maximum donation tax credits

Maximum donation tax credits are based on individual claims. If one partner has donated more than the maximum amount, their partner can claim the balance (up to their maximum amount).

Claiming your tax credit

You can claim a tax credit for the previous tax year (1 April to 31 March) from the following April.