Private ruling: WRE - self-education expense - Masters degree
Date of advice: 12 August 2019
Published: October 2019
Ruling period: Year ended 30 June 2019
Date scheme commenced: 1 July 2018

Ruling: Q1: Are you entitled to a deduction for self-education expenses, including course fees, for a Masters Degree? | A1: Yes. It is accepted that your degree will maintain or enhance the skills that are required in the performance of your employment. Your self-education expenses are considered to have the relevant connection to your current income earning activities. Therefore, expenses incurred in relation to your Masters Degree, including the course fees, are considered allowable as a deduction under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997).

Relevant facts and circumstances: You are studying for a Masters in Business Administration (MBA). The MBA will develop your career in education management and lead to an increase in salary. The MBA has helped develop your skills and knowledge in your current teaching role.

Relevant legislative provisions: Income Tax Assessment Act 1997 (ITAA 1997)Section 8-1