| 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: 1051942180771
Date of advice: 1 February 2022
Ruling
Subject: Work related expenses - self-education
Question
Can you claim a deduction for the course costs of a Masters of Business?
Answer
Yes.
In your situation we are satisfied that you have a genuine desire and need to maintain or improve your skills and knowledge in your current role. The course undertaken is designed to improve your skills in this field.
The course undertaken is useful to your employment and has sufficient nexus with your employment duties as to justify deductibility.
Consequently, your self-education expenses for the course are sufficiently connected to your employment. The costs are therefore deductible under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997).
This ruling applies for the following period:
Year ended 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You commenced studying a Masters of Business in July 20XX.
You will finish the course by 30 June 20XX.
You are undertaking this course to improve your understanding of various subjects that are related to your current role.
Your employer supports you undertaking the course by allowing flexible working hours.
You will incur half yearly tuition fees relating to this course.
You will not utilise a HELP loan to pay for the course fees.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1