Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 32.15

    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.

Table of sections

32 - 20   The main exception--fringe benefits

32 - 25   The tables set out the other exceptions

32 - 30   Employer expenses

32 - 35   Seminar expenses

32 - 40   Entertainment industry expenses

32 - 45   Promotion and advertising expenses

32 - 50   Other expenses