Income Tax Assessment Act 1936
View history note
Hide history noteIf a taxpayer has made an election under section 152B of the Fringe Benefits Tax Assessment Act 1986 :
(a) for each entertainment facility leasing expense incurred in the FBT year by the taxpayer, a deduction equal to 50% of that expense is allowable to the taxpayer for the year of income in which it is incurred; and
(b) no other deduction under any provision of this Act is allowable to the taxpayer for entertainment facility leasing expenses incurred in the FBT year. 51AEC(2) [Meaning of expressions used]
Expressions used in this section have the same meaning as in the Fringe Benefits Tax Assessment Act 1986 .
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