Taxation Ruling

TR 1998/9A3 - Addendum

Income tax: deductibility of self-education expenses incurred by an employee or a person in business

Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Taxation Ruling TR 98/9 to account for the simplified calculation of car expenses.

TR 98/9 is amended as follows:

1. Paragraph 142

(a) Omit 'and '12% of original value' methods'; substitute 'method'.

(b) Omit '28-60'; substitute '28-35'.

(c) In the third sentence omit 'using these methods'; substitute 'using this method'.

2. Paragraph 143

In the third sentence omit 'a rate per kilometre multiplied by the number of kilometres travelled'; substitute 'the rate per kilometre multiplied by the number of business kilometres travelled'.

3. Paragraph 145

(a) Omit:

     Car expenses 213 km @ 47 cents $100

Substitute:

     Car expenses 213 km @ 66 cents $140

(b) Omit:

Total expenses $1,250

Substitute:

Total expenses $1,290

(c) In the final sentence omit 'In the year of income, he wishes to claim the following'; substitute 'Using the rate per kilometre set for the year of income commencing 1 July 2016, he wishes to claim the following'.

4. Paragraph 146

(a) Omit:

Car expenses (cents per kilometre method) $100

Substitute:

Car expenses (cents per kilometre method) $140

(b) Omit:

Net amount of self-education expenses $1,050

Substitute:

Net amount of self-education expenses $1,090

5. Paragraph 147

(a) Omit '$800'; substitute '$840'.

(b) Omit '$1050'; substitute '$1090'.

6. Paragraph 149

(a) Omit:

Car expenses $100

Substitute:

Car expenses $140

(b) Omit:

$750

Substitute:

$790

7. Paragraph 150

At the second instance omit '$100'; substitute '$140'.

References

Insert:


Other references

Legislative Determination: Income Tax Assessment Act - cents per kilometre deduction rate for motor vehicle expenses

This Addendum applies on and from 1 July 2016.

Commissioner of Taxation
13 July 2016

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References

ATO references:
NO 1-7UVAH6G

ISSN: 2205-6122