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Edited version of private advice
Authorisation Number: 1051953119333
Date of advice: 22 February 2022
Ruling
Subject:Income tax - self-education expenses
Question
Income Tax - Self-Education Expenses
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 ended 30 June 20XX
Year ending 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You commenced employment with your employer in Month 20XX.
In Month 20XX you obtained a xxxx role with your employer.
In Month 20XX you commenced an online training course.
The course duration is X weeks (part-time).
The course fee is $X.
In Month 20XX you commenced a promotion with your employer.
You received a 'variation to contract' letter from your employer stating, "All other terms and conditions of your employment will remain the same". You will still perform the same duties as per the 'initial role but you will also become a supervisor.
Your intention for undertaking the course is to enhance your skills and knowledge that will assist you in your current roles and is likely to lead to promotion and an increase in income.
The course is directly related to your employment as it will enable you to achieve more responsibility, more pay and more opportunities. You are not undertaking the course to obtain new employment
Your employer supports your ambition to undertake the course.
You do not receive Austudy, ABSTUDY or Youth Allowance to study. You do not receive a taxable bonded scholarship. You do not receive an allowance or reimbursement for the expenses incurred in relation to this course.
You completed the course in Month 20XX
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1