| 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: 1052017252332
Date of advice: 8 August 2022
Ruling
Subject: Self-education expenses
Question
Are you entitled to a deduction under section 8-1 of the Income Tax Assessment Act 1997 for the course fees you incurred in undertaking a Graduate Diploma of Psychology?
Answer
Yes.
Your self-education expenses are deductible as they have a direct connection with your income earning activities. The study meets the requirements detailed in Taxation Ruling TR 98/9 Income tax: deductibility of self-education expenses incurred by an employee or a person in business. Note that your self-education expenses deduction may have to be reduced by up to $250. For more information about the deductibility of self-education expenses search QC 31970 on the ATO website at ato.gov.au.
This ruling applies for the following period:
The year ended 30 June 20XX
The year ending 30 June 20XX
The year ending 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You are employed as Head of Customer and Stakeholder Relations with your employer.
You commenced a Graduate Diploma of Psychology at an educational institution (the course).
You are paying your course fees upfront prior to the commencement of each subject.
Your employer is not reimbursing you for the course fees.
Your employer has provided a detailed letter confirming that the course has a nexus with your employment duties.
You intend to stay employed with your employer upon completion of the course.
You intend to use the knowledge you obtain from the course in your current role.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1