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Edited version of private advice
Authorisation Number: 1051960281093
Date of advice: 23 March 2022
Ruling
Subject: Deductions - work related expenses - self-education expenses
Question
Can you claim a deduction in relation to costs incurred for a Master's in Business Administration (MBA) and associated outgoings, as a self-education expense?
Answer
Yes. The Commissioner accepts that these expenses were incurred in earning your assessable income and the costs and outgoings are deductible to the extent they have not been reimbursed. Please refer to our web page on claiming self-education expenses (at quick code QC 31970) for more information about how much you can claim and the records you need to keep.
This ruling applies for the following periods:
Year ended 30 June 20XX
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 an employee.
You work within the medical field.
You are also a Xxxx.
The Xxxx contract you entered into, had an end date, however you continued to perform your duties as a Xxxx outside this contract period.
Recently, you entered in to a new and updated contract as a Xxxx.
You supplied a copy of your original agreement to become a Xxxx.
Your employer provided a letter to confirm you were a Xxxx.
With support from your employer, you commenced an MBA course.
You are paid a stipend per annum to help cover the cost of the MBA.
You will incur Travel and accommodation expenses in relation to the MBA.
You will incur expenses in relation to a laptop that will be apportioned appropriately between self-education, other work-related expenses, and private use.
You will incur additional expenses in relation to the MBA such as a desk, chair, and incidentals that will be apportioned appropriately between self-education and private use.
You will incur expenses relating to the tuition of the MBA.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1
Income Tax Assessment Act 1997 section 82A