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Edited version of private advice
Authorisation Number: 5010079740980
Date of advice: 8 December 2021
Ruling
Subject: Self-education expenses
Question
Can you claim self-education expenses as a deduction under Section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997)?
Answer
Yes. It is clear that the course you have undertaken has enhanced the skills that are required in the performance of your current employment duties. The self-education expenses incurred in undertaking the course have sufficient connection with the earning of your assessable income and are therefore deductible under section 8-1 of the ITAA 1997
This ruling applies for the following periods:
Year Ended 30 June 20XX
Year Ended 30 June 20XX
Year Ended 30 June 20XX
Year Ended 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You work as a manager.
You started working for your current employer prior to commencing your degree.
You have maintained employment for this employer the entire time.
You have a senior role in the company you work for which extends beyond your primary role description.
Other duties you have been responsible for include managing the delivery of projects and mitigating organisational risks.
You work directly alongside the company director and are involved in strategic decisions and project oversight.
You studied from 20XX to 20XX through a University.
You studied units that all related to your ongoing employment.
You paid for the cost of these units using FEE-HELP loans.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1.