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Edited version of private advice
Authorisation Number: 1051721413002
Date of advice: 17 July 2020
Ruling
Subject: Self-education expenses
Question
Are you entitled to a deduction for self-education expenses incurred in undertaking an Executive Master of Business Administration (EMBA)?
Answer
Yes.Your self-education expenses are deductible as it is accepted that the study meets the requirements detailed inTaxation 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 2020
The scheme commenced on
1 July 2019
Relevant facts and circumstances
You were employed full time as a manager at XYZ.
You acted as a director at XYZ for a period.
You enrolled in an EMBA with a business school. You paid expenses for the EMBA course.
Your employer did not reimburse any of your expenses; however, supported your enrolment because the course is considered so useful in your role(s) and provided you with flexible working arrangements and a corporate nomination to enrol in the course.
You use specific knowledge and skills in your employment roles with XYZ.
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