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 32-15  

32-15   No deduction for property used for providing entertainment  

To 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.