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Edited version of private advice
Authorisation Number: 1052029774396
Date of advice: 9 September 2022
Ruling
Subject: Work-related expenses - self-education
Question
Are you entitled to a deduction for the self-education expenses incurred for your Master in Business Administration (MBA)?
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 2020
Year ended 30 June 2021
Year ended 30 June 2022
The scheme commences on:
1 July 2019
Relevant facts and circumstances
You were employed as a Product Owner who was responsible for the broader vision and strategy related to the product they are looking after and play an important role in leading a team. You had a number of direct and indirect reports in this role.
You sought alternative employment and commenced a new role as a manager.
In this role, you were responsible for leading a team of analysts to deploy new products and services and identify, design for and deploy business improvement initiatives for better customer and employee outcomes.
You were a direct report for multiple employees.
You changed roles again and became a Management Consultant. Your role includes assisting organisations deliver successful outcomes for some of the world's largest and most complex systems.
Your key responsibilities include:
● Diverse toolkit with a balance of traditional management and innovative solutions
● Assist clients with successful delivery of their programs leading to service delivery improvements and/or successful investment outcomes
● Deliver complex transformation programs spanning the entire lifecycle - from strategy through to transition into operations
● Contribute to business development and account management activities such as pursuits, proposals and managing key relationships
You enrolled in a MBA while you were employed as a Product Owner.
The subjects undertaken as part of the MBA include:
● Leadership
● Marketing Management
● Managing People & Organisations
● Project Management
● Strategic Management
● Social Impact
● Data Analytics & Decision Making
You have not received an allowance, payment or scholarship while undertaking the course.
You have paid the course fees up-front.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1