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Edited version of private advice
Authorisation Number: 1052028067843
Date of advice: 6 September 2022
Ruling
Subject: Self education expenses
Question
Are the expenses you incurred for the study of a Graduate Diploma deductible as self-education expenses as per section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997), including course fees incurred through the FEE HELP Student loan scheme?
Answer
Yes. The Commissioner accepts that the study has a direct connection to your income producing activities as per Taxation Ruling TR 98/9 Income tax: deductibility of self-education expenses incurred by an employee or a person in business.
Please note, in certain circumstances you may have to reduce your allowable self-education expenses by $250. However, you may have other types of expenses some of which are not allowable as a deduction that can be offset against the $250 before you reduce the amount you can claim for allowable expenses. For more information search for quick code QC 16918 at ato.gov.au.
This ruling applies for the following period:
Year ending 30 June 20XX
The scheme commences on:
Year beginning 1 July 20XX
Relevant facts and circumstances
You are a XXX.
You came to an arrangement with your employer to reduce your XXXX load to accommodate the additional time required to complete the study.
You are studying a Graduate Diploma.
This course is to maintain and improve your knowledge in the area which you are employed to XXXX.
Your course is a FEE HELP course.
Relevant legislative provisions
Section 8-1 of the Income Tax Assessment Act 1997