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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    View history reference

Subdivision 32-A - No deduction for entertainment expenses    View history reference

SECTION 32-5  

32-5  No deduction for entertainment expenses  

 View history reference ITAA 36
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.


 



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