Income Tax Assessment Act 1997
View history note
Hide history noteTo the extent that you use property in providing * entertainment, your use of the property is taken not to be for the * purpose of producing assessable income if section 32-5 would stop you deducting a loss or outgoing if you incurred it in the income year in providing the entertainment.
Note:
Under some provisions of this Act, in order to deduct an amount for your property, you must have used the property for the purpose of producing assessable income.
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