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Edited version of your written advice
Authorisation Number: 1051238863469
Date of advice: 19 June 2017
Ruling
Subject: Self-education deductions
Question 1
Are you entitled to a deduction for the self-education expenses incurred in undertaking a Masters Degree?
Answer
Yes
Taxation Ruling TR 98/9 Income tax’ deductibility of self-education expenses incurred by an employee or a person in business considers allowable self-education expenses. After considering your facts we accept that the study has sufficient connection to your current employment. Therefore your self-education expenses including tuition fees and travel expense are an allowable deduction under section 8-1 of the ITAA 1997.
This ruling applies for the following periods:
Year Ending 30 June 20XX
Year Ending 30 June 20YY
Year Ending 30 June 20ZZ
The scheme commences on:
1 July 20WW
Relevant facts and circumstances
You have been currently employed full time in your current field by your current employer for X years.
Your current employer has encouraged you to undertake further study and has offered personal development days (paid leave) as of the new financial year 20XX/20YY.
You commenced a Master’s Degree through a University.
The Masters Degree subjects have been identified to directly relate to your current job role.
You are incurring costs including university course fees, transport costs, accommodation and stationery/laptop expenses.
Relevant legislative provisions
Income Tax Assessment Act 1997 Section 8-1.
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