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Edited version of private advice
Authorisation Number: 1052173426825
Date of advice: 11 October 2023
Ruling
Subject: Self-education expenses
Question
Will your course fees incurred under the FEE-HELP scheme be tax deductible in the relevant income years?
Answer
Yes. Your self-education expenses are deductible as it is accepted that the study meets the requirements in Taxation Ruling 2023/D1 income tax: deductibility of self-education expenses incurred by an employer or person in business
This ruling applies for the following periods:
Year ended 30 June 20XX
Year ended 30 June 20XX
Year ended 30 June 20XX
The scheme commenced on:
1 July 20XX
Relevant facts and circumstances
You commenced with working as a registered nurse on XX XXX 20XX and have continued working as one.
During that time you were completing a Master of Nursing.
The course consists of multiple units.
You intend to claim the FEE-HELP incurred as a result of taking on these units.
You completed the Master of Nursing on XX XXX 20XX.
You have advised the course of study is:
• directly related to your income earning activities in the relevant years as a registered nurse
• improves the skills required to carry out the income earning activities.
• objectively leads to an increase in the taxpayer's income - primarily through an increased hourly rate paid for the higher qualification.
A description of the subjects taken in the degree and how it connects to your employment was provided.
Relevant legislative provisions
Income Tax Assessment 1997 section 8-1.