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Edited version of private advice
Authorisation Number: 1051786237253
Date of advice: 01 December 2020
Ruling
Subject: Self-education expenses
Question
Are you entitled to a deduction for self-education expenses incurred in undertaking an Executive Masters of Business Administration (EMBA)?
Answer
Yes. Your self-education expenses are deductible as it is accepted that the study meets the requirements detailed in Taxation 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 ending 30 June 2021
Year ending 30 June 2022
Year ending 30 June 2023
Year ending 30 June 2024
The scheme commences on:
1 July 2020
Relevant facts and circumstances
You are employed full time as a Senior Developer.
You enrolled in an EMBA. You paid expenses for the EMBA course.
Your employer did not reimburse any of your expenses.
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