| 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: 1052314668536
Date of advice: 8 October 2024
Ruling
Subject: Self-education expenses
Question 1
Are you entitled to a deduction for self-education expenses for the course fees incurred in studying subject A under section 8-1 of the Income Tax Assessment Act 1997 (ITAA1997)?
Answer 1
Yes. Studying this unit enables you to maintain and improve your skill or knowledge that you exercise on your income-earning activity.
Question 2
Are you entitled to a deduction for self-education expenses for the course fees incurred in studying subject B under section 8-1 of the ITAA1997?
Answer 2
Yes. Studying this unit enables you to maintain and improve your skill or knowledge that you exercise on your income-earning activity.
Question 3
Are you entitled to a deduction for self-education expenses for the course fees incurred in studying subject C under section 8-1 of the ITAA 1997?
Answer 3
Yes. Studying this unit enables you to maintain and improve your skill or knowledge that you exercise on your income-earning activity.
This ruling applies for the following periods:
Year ended 30 June 20XX
Year ended 30 June 20XX
The scheme commenced on:
XX 20XX
Relevant facts and circumstances
You were employed with your current employer since XX 20XX as casual manager.
As a manager, your duties as manager are:
• Overseeing daily operation of the business, including managing staff by hiring, training and scheduling employees. You also manage the inventory, cash handling, and health and safety compliance.
• Financial responsibilities include budgeting, controlling costs, tracking business's financial performance.
• Maintaining the business's presence and building rapport with the local community.
On XX 20XX, you commenced studying subject A at a university.
On XX 20XX and XX 20XX, you enrolled to study subject B and subject C with the university.
You enrolled in these courses in order to enhance your knowledge and maintain your skills in the industry.
You are not a Commonwealth supported student.
You have fully paid for the courses.
You intend to remain employed with the same employer for a few more years.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1.