Edited version of private advice

Authorisation Number: 1052374352600

Date of advice: 18 March 2025

Ruling

Subject: Deduction - self-education expenses

Question 1

Will the self-education expenses be an allowable deduction under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997)?

Answer 1

Yes.

Having considered your circumstances and the relevant factors, you are entitled to a deduction for your expenses under section 8-1 of the Income Tax Assessment Act 1997.

To claim a deduction for work-related expense, you must have spent the money your-self and weren't reimbursed. The expense can only be claimed within the income year it incurred.

Further information on the Commissioner's view can be found in Taxation Ruling (TR) 2024/3 Income tax: deductibility of self-education expenses incurred by an individual. Information on self-education expenses you can claim, including how to calculate your claim, can be found on our website ato.gov.au by entering QC 72166 into the search bar at the top right of the page.

This ruling applies for the following periods:

Year ended XX 20XX

Year ended XX 20XX

Year ending XX 20XX

Year ending XX 20XX

The scheme commenced on:

XX 20XX

Relevant facts and circumstances

You have been worked as a full-time employee at company X as a XX Manager since XX 20XX.

You are undertaking a course at the university.

The course commenced in XX 20XX and you intend to complete the course in XX 20XX.

Your employer encourages staffs to engage in professional development in areas related to current position.

Your employer does not provide any allowance for this study.

You receive no allowances or reimbursement to study, such as Austudy, ABSTUDY or Youth Allowance.

You receive no taxable bonded scholarship.

You have taken out of new Higher Education Loan Program (HELP) loan to cover part of tuition fee.

Your employment

As a X manager you are responsible for managing the planning, development, and implementation of X projects within company X. Your role focuses on ensuring company X's X redevelopments align with operational and strategic objectives while maintaining compliance with regulatory and financial requirements.

Your main responsibilities include the following:

-              Project planning and delivery.

-              Financial and feasibility analysis.

-              Stakeholder engagement and change management.

-              Compliance, governance and risk management.

-              Asset and facilities management.

Relevant legislative provisions

Income Tax Assessment Act 1997 section 8-1