Section DD 1 — Income Tax Act 2007: Entertainment expenditure generally

DD 1 Entertainment expenditure generally When this subpart applies (1) This subpart applies when, in deriving income, a person incurs expenditure on entertainment that provides both a private and a business benefit. No deduction (with exception) (2) The person is denied a deduction for expenditure that they incur on the forms of entertainment set out in section DD 2 , except for 50% of the amount that they would have been allowed in the absence of this subsection. Meaning of limitation rule (3) Limitation rule means the rule described in subsection (2). Link with subpart DA (4) This section overrides the general permission. Defined in this Act: amount , business , deduction , general permission , income , limitation rule , Compare: 2004 No 35 s DD 1