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Edited version of private advice
Authorisation Number: 1051741347834
Date of advice: 25 August 2020
Ruling
Subject: Work related expenses - self-education
Question
Are you entitled to a deduction for your self-education expenses?
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 periods
Year ended 30 June 2020
Year ending 30 June 2021
Year ending 30 June 2022
Year ending 30 June 2023
The scheme commenced on
1 July 2019
Relevant facts and circumstances
You are employed.
Your position description specifies additional skills required to perform your role.
You are studying a postgraduate degree related to your field of employment.
You have undertaken X units to date and have incurred expenses. You will continue to incur expenses for the remaining units which are around the same cost. You will also incur expenses for texts books.
Relevant legislative provisions
Income Tax Assessment Act 1936 section 82A
Income Tax Assessment Act 1997 section 8-1