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Edited version of private advice
Authorisation Number: 1052262308605
Date of advice: 13 June 2024
Ruling
Subject: Deduction - self-education
Question
Are you entitled to a self-education deduction for the costs associated with undertaking a course of education and stationery expenses?
Answer
Yes. Based on the information provided to the Commissioner the costs associated with the course such as course fees and stationery are an allowable deduction under Section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997) as they have the relevant connection with your employment duties.
This ruling applies for the following periods:
Year ending 30 June 2024
Year ending 30 June 2025
Year ending 30 June 2026
Year ending 30 June 2027
The scheme commenced on:
1 July 2023
Relevant facts and circumstances
You have a business.
You have had the business for several years.
You work in a specific field as part of the business.
You work as a professional for a number of hours per week.
You work in a managerial role for a number of hours per week.
You manage staff.
Your duties as the office manager are:
• Business planning
• Analysis of business performance
• Recruitment of staff
• Training, coaching staff
• Performance management
• Rostering of optometrists and optical assistants
• Payroll.
You intend on studying a course of education over a few years.
You will study through an educational organisation.
The course consists of several subjects.
You have been accepted into a course which provides a scholarship and means you receive a discount.
You will be a full fee-paying student.
You will pay the cost of the course out of your own pocket.
You will not be reimbursed for any of the costs associated with the course.
You will study part-time.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1