Private ruling: Work-related expenses – self-education expense – masters degree
Date of advice: 30 August 2018
Published: October 2018
Ruling period: Year ending 30 June 2018
Date scheme commenced: 1 July 2017

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 ITAA 1997.

Relevant facts and circumstances: You teach business and economics, civics and citizenship and will teach other business related subjects in the future. 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