| Disclaimer You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of private advice
Authorisation Number: 1051904988717
Date of advice: 23 November 2021
Ruling
Subject: Deductions - self-education expenses
Question
Are your self-education expenses deductible?
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 ending 30 June 20XX
Year ending 30 June 20XX
Year ending 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You are employed full-time as a project manager.
In this position you are responsible for managing projects and project teams. The position also involves business development.
You are undertaking a Graduate Diploma in Business Administration through a University. You originally commenced this course in 20XX, studying two subjects per term.
The Graduate Diploma in Business Administration is part of the part-time MBA. There are nine more subjects you are now studying to complete the part-time MBA after the Graduate Diploma in Business Administration.
In 20XX you have taken a leave of absence and you are on full paid maternity leave. This ends in 20XX.
You have reduced to studying one subject per term.
This course includes subjects on leadership, business, management, finance, operations, marketing, managing people, economics, and data analysis.
You are undertaking the course because you consider that the completion of this course will assist you in your current position and to obtain a promotion with your current employer.
You will return to full-time employment in 20XX to the same position.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1