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Edited version of private advice
Authorisation Number: 1052167925911
Date of advice: 13 September 2023
Ruling
Subject: Self education expenses
Question
Would you be precluded from claiming study expenses under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997) (ITAA) because you used a FEE-HELP loan?
Answer
No. You are entitled to a deduction for course fees that have a relevant connection to your income-earning activities under Section 8-1 of the ITAA 1997 regardless of if the fees were paid under FEE-HELP. This is set out in ATOID 2005/26Deductions: self education - course fees paid from FEE-HELP loan funds.
This ruling applies for the following period:
Year ended DD MM 20YY
The scheme commenced on:
DD MM 20YY
Relevant facts and circumstances
You currently work as a professional.
In the relevant income year, you undertake a course of education.
You incurred study fees to undertake your course of education.
The study fees were paid under FEE-HELP.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1