Section DD 6 — Income Tax Act 2007: Entertainment as business or for charitable purpose

DD 6 Entertainment as business or for charitable purpose Entertainment as business (1) The limitation rule does not apply to a deduction for expenditure on entertainment that a person provides for market value or in an arm’s length transaction in the ordinary course of their business, if that business is to provide 1 or more of the forms of entertainment referred to in section DD 2 . Entertainment for charitable purposes (2) The limitation rule does not apply to a deduction for expenditure on entertainment that a person provides to members of the public for charitable purposes. Defined in this Act: business , charitable purpose , deduction , limitation rule , Compare: 2004 No 35 s DD 6