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Edited version of private advice
Authorisation Number: 1051566756035
Date of advice: 23 August 2019
Ruling
Subject: Deductions for work related expenses - self-education
Question
Are your self-education expenses in excess of those reimbursed by your employer, deductible?
Answer
Yes. Your self-education expenses are deductible as it is accepted the study meets the requirements detailed in Taxation Ruling TR 98/9. Further information about self-education expenses can be found by searching 'QC 31970' on ato.gov.au
This ruling applies for the following periods:
Year ending 30 June20XX
Year ending 30 June 20XX
Year ending 30 June 20XX
Year ending 30 June 20XX
Year ending 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You are employed as the Director of an Advertising Business Team.
Your role involves leading various business functions including marketing, analytics, budgeting and strategy.
You are expected to provide subject matter expertise, guidance, drive clarity, innovation and team effectiveness to deliver value to clients or business.
You are currently pursing continued education in the form of a Master of Business Administration (MBA) (Technology) degree.
The MBA comprises the following subjects:
· Marketing Management
· Accounting and Financial Management
· Leadership in a Complex Environment
· Managing People and Organisations
· Business Analytics
· Economics in Management Practice
· Project Management
· Implementing Strategy
· Digital innovation
· Digital Strategy
· Enterprise Risk Management
· Strategic Consulting Project.
Your employer is supportive of your continued education and you have documented your progress into your formal learning and development plan.
Studying the MBA will help you to develop the skills required in your current position by providing theory, framework and resources that are immediately applicable in the practical operation of your day to day work.
You assert that by undertaking the MBA you will improve the likelihood of future promotions with your current employer.
You are receiving reimbursement for part of the course fees from your employer each year.
Your course fees exceed the amount you are reimbursed by your employer.
You anticipate completing the course by the middle of 20XX.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1