| Disclaimer This edited version has been archived due to the length of time since original publication. It should not be regarded as indicative of the ATO's current views. The law may have changed since original publication, and views in the edited version may also be affected by subsequent precedents and new approaches to the application of the law. You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of your written advice
Authorisation Number: 1051423695635
Date of advice: 30 August 2018
Ruling
Subject: Work-related expenses – self-education expense – masters degree
Question
Are you entitled to a deduction for self-education expenses, including course fees, for a Masters Degree?
Answer
Yes
It is accepted that your degree will maintain or enhance the skills that are required in the performance of your employment. Your self-education expenses are considered to have the relevant connection to your current income earning activities. Therefore, expenses incurred in relation to your Masters Degree, including the course fees, are considered allowable as a deduction under section 8-1 of the ITAA 1997.
This ruling applies for the following period:
Year ending 30 June 2018
The scheme commences on:
1 July 2017
Relevant facts and circumstances
You teach business and economics, civics and citizenship and will teach other business related subjects in the future.
You are studying for a Masters in Business Administration (MBA).
The MBA will develop your career in education management and lead to an increase in salary.
The MBA has helped develop your skills and knowledge in your current teaching role.
Relevant legislative provisions
Income Tax Assessment Act 1997 (ITAA 1997) Section 8-1