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Edited version of private advice
Authorisation Number: 1051622401960
Date of advice: 20 December 2019
Ruling
Subject: Income tax - deductions - self education expenses
Question
Are you entitled to a deduction for your self-education expenses?
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 ended 30 June 2019
Year ending 30 June 2020
Year ending 30 June 2021
The scheme commences on:
1 July 2018
Relevant facts and circumstances
You are a teacher.
You undertook a Master's degree in a relevant field.
You provided examples of how the Master's degree related to maintaining or improving your specific skills for your current position.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1