Maximising Your Gift

Making your solicitor aware of the following legal points may help to maximise your bequest to Heart Research Australia:

Tax Exempt

Heart Research Australia (ABN 62 002 839 072) is endorsed as a deductible gift recipient (DGR) and is fully tax exempt.

Capital Gains Tax and in Specie Transfer of Assetts such as Shares

Heart Research Australia is exempt from capital gains tax (CGT). This means that assets subject to CGT such as investment properties or shares which are transferred to Heart Research Australia ‘in specie’ (ie transferred whole rather than being sold and transferred as cash) will not be subject to tax on the capital gains, thus helping to maximise the size of your gift.

Superannuation

Your superannuation benefit does not normally form part of your Estate. If you wish to assign your superannuation to Heart Research Australia, your super balance will need to be left to your Estate where it can then be paid out according to your Will.