Div 32 inserted by No 121 of 1997.
32-5 No deduction for entertainment expenses
Under section 8-1 you can deduct a loss or outgoing that you incur for the purpose of producing assessable income.
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.
Section 32-75 deals with arrangements to avoid the operation of this section.
S 32-5 inserted by No 121 of 1997.