Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 32 - Entertainment expenses  

Subdivision 32-A - No deduction for entertainment expenses  

SECTION 32-5  

32-5   No deduction for entertainment expenses  

To the extent that you incur a loss or outgoing in respect of providing ^* entertainment, you cannot deduct it under section 8-1 . However, there are exceptions, which are set out in Subdivision 32-B .

Note 1:

Under section 8-1 you can deduct a loss or outgoing that you incur for the purpose of producing assessable income.

Note 2:

If you have used your property in providing entertainment, you may not be able to deduct an amount for the property: see section 32-15.

Note 3:

Section 32-75 deals with arrangements to avoid the operation of this section.