Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
962285
XXXXXXXXXX B. Kerr
Attention: XXXXXXXXXX
December 20, 1996
Dear Madam:
Re: Donations of Cultural Property
This is in response to your letter of March 8, 1996, addressed to the Charities Division concerning the Department's position in respect of donations made by a taxpayer's spouse.
Although there is no provision in the Income Tax Act (the "Act") that allows for the transfer of a taxpayer's tax credit in respect of charitable donations to the taxpayer's spouse, the administrative policy of the Department concerning the allocation of charitable donations between husband and wife is stated in paragraph 3 of Interpretation Bulletin IT-297R2. Provided the property gifted was held jointly by a husband and a wife, other than as partners in a partnership, whether the gift was made by the husband, wife or both parties, they may choose whichever allocation is most advantageous to them for the purpose of a claim by each of them.
If the gift is from the inventory of an artist or a gift of cultural property, refer to paragraphs 11 to 18 of IT-504R2 or paragraphs 6 to 8 of IT-407R3, respectively for comments concerning the tax implications of such donations. In our view, the inventory of an artist would not ordinarily be jointly owned by spouses and the administrative position in paragraph 3 of IT-297R2 could not be taken advantage of.
We trust that these comments will be of assistance.
Yours truly,
R. Albert
for Director
Business and Publications Division
Income Tax Rulings and
Interpretations Directorate
Policy and Legislation Branch
cc. R.A. Davis
Charities Division
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