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Edited version of private advice
Authorisation Number: 1051605712093
Date of advice: 7 November 2019
Ruling
Subject: Self-education expenses
Question
Are your self-education expenses 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. You must reduce your claim by any amount that may be reimbursed by your employer. 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 ended 30 June 2018
Year ended 30 June 2019
Year ended 30 June 2020
The scheme commences on:
1 July 2017
Relevant facts and circumstances
You enrolled in a Master of Business Administration with an accounting major.
You work in construction management as a contracts administrator. This role manages the procurement and cost management (project accounting) of construction projects.
Starting in early 2018, in order to progress your career in this field, accelerate your learning and career development, to gain the qualified experience and subsequent accounting accreditation with your post graduate accounting qualification, and to further your skills in cost management in construction, you chose to follow the accounting major path (MBA M Professional accounting).
On one occasion you received a work based scholarship which was a one off payment. You were required to show a receipt to prove you paid the money on university fees.
Your course fees are paid via a HELP loan.
You are not in a Commonwealth supported place.
You have incurred expenses for books, stationery and course fees.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1