32‑75 Commissioner may treat you as havi32‑75 Commissioner may treat you as having incurred entertainment expense

#### 32‑75 Commissioner may treat you as having incurred entertainment expense If: (a) you incur a loss or outgoing under an \*arrangement; and (b) someone provides \*entertainment under the arrangement to you or someone else; and (c) section 32‑5 would have stopped you deducting the loss or outgoing under section 8‑1 (which deals with general deductions) if you had incurred it in respect of providing that entertainment; this Division applies to you as if you had incurred the loss or outgoing in providing that entertainment, to the extent (if any) that the Commissioner thinks reasonable. > Note: This means that section 32‑5 will prevent you from deducting the loss or outgoing under section 8‑1 unless an exception applies. > Note: Example: A company pays $1,000 to sponsor a football game. Under the same arrangement, the company is given a viewing box at the game. To the extent the Commissioner thinks reasonable, he or she can treat the company as having incurred the $1,000 in providing entertainment.