The main items given on Valentine’s Day are gifts, diamonds, flowers and chocolates while mostly they are presented a ribbon and a hand written card. But a gift over $2 is tax deductable. You may have seen at various shopping centers with the sign that ‘donations over $2 are deductable’ and it is true when the donation is made to the recipient of right kind.

ATO tells us that the gift is deductable if: it is delivered to a deductable gift recipient (DGR), it is truly a gift and it is a gift of property or money.

You can look to the website of Australian Taxation Office in order to find…