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Edited version of private advice
Authorisation Number: 1051887011975
Date of advice: 17 August 2021
Ruling
Subject: Deductibility of self-education expenses
Question
Are you entitled to a deduction for the self-education expenses incurred for your Master in Business Administration (MBA)?
Answer
Yes.
Your self-education expenses are deductible, as it is accepted 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. Further information about self-education expenses can be found by searching 'QC 31970' on ato.gov.au.
This ruling applies for the following period:
Year ended 30 June 20XX
Year ended 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
In July 20XX you were employed on a full-timer basis as a Client Service Lead.
You are undertaking a Master of Business Administration which commenced in February 20XX.
Subjects you will be undertaking include:
• Challenge/Opportunity Discovery
• Challenge/Opportunity Design
• Challenge/Opportunity Delivery
• Delivering Customer Value
• Decision Making Uncertainty
• Sustainable Enterprise in Dynamic Systems
• Innovative Strategies
• Leadership Lab 1: Adaptive Leadership
• Leadership Lab 1: Innovative Leadership
• Philosophy, Politics and Economics
• People and the Future of Work
• Transition Management
• Accounting Practices and Tools
• Applied Financial Management
• Leading Technological Disruption
You are undertaking the course in order to improve your current skillset and build upon your current knowledge as Lead Manager (L4) with your current employer.
You believe the modules in this course will assist you with the challenges in the modern workplace and industry and anticipate this course will enable you to obtain a management position with your current employer.
You are not receiving Austudy, ABSTUDY, Youth Allowance or receiving a taxable bonded scholarship to study.
You are not using the Higher Education Loan Program (HELP) to pay the course fees.
You will be claiming your tuition fees (course expenses), stationery and parking expenses related to your study.
Your employer supports your decision to undertake the course and is allowing you to have flexible work hours to complete your studies.
You have provided an email from your employer confirming support in the development of their staff.
You are not receiving an allowance or being reimbursed by anyone for expenses incurred in relation to your study.