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Edited version of private advice
Authorisation Number: 1051778537822
Date of advice: 10 November 2020
Ruling
Subject: Self-education expenses
Question
Are you entitled to a deduction for self-education expenses incurred in undertaking a Masters of Business Administration (MBA) - Technology?
Answer
Yes. Your self-education expenses are deductible as it is accepted that the study meets the requirements detailed in Taxation Ruling TR 98/9 Income tax: deductibility of self-education expenses incurred by an employee or a person in business.
Additional information
It should be noted that the self-education expenses you can deduct may be subject to a reduction of up to $250 in accordance with section 82A of the Income Tax Assessment Act 1936. For more information about self-education expenses including how to work out your deduction, search for QC 31970 at ato.gov.au.
This ruling applies for the following period:
Year ended 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You are employed as a manager with XXX.
You enrolled in a MBA - Technology with XXX. You paid expenses for the MBA course.
Your employer did not reimburse any of your expenses; however, encouraged you to undertake this course to improve your skillsets and knowledge required for your role. Your employer allowed time off during your exams.
You use specific knowledge and skills in your employment role with XXX.
The course improved the skills and knowledge used in your employment.
Relevant legislative provisions
Income Tax Assessment Act 1936 section 82A
Income Tax Assessment Act 1997 section 8-1
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