Question: Indicate whether the statement below is TRUE or FALSE and include a brief explanation for your answer. Where possible, refer to a source of law.

Indicate whether the statement below is TRUE or FALSE and include a brief explanation for your answer. Where possible, refer to a source of law. The cost a taxpayer incurs in purchasing a raffle ticket from the Australian Red Cross Society (an organisation registered as a deductible gift recipient for the purpose of Division 30 ITAA97) can be claimed as a deduction

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