Private ruling: Self-education expenses
Date of advice: 3 March 2020
Published: April 2020
Ruling period: Year ending 30 June 2020 | Year ending 30 June 2021
Date scheme commenced: 1 July 2019

Ruling: Q1: Are your out of pocket self-education expenses deductible? | A1: Yes. Your self-education expenses are deductible, as it is accepted the course of study and expenses related to the course, meet the requirements detailed in Taxation Ruling TR 98/9. Note: · You advised you were not going to claim for your Module 1 course fees as they were paid under the HELP scheme. Although course fees paid under HECS-HELP are not deductible, those paid under FEE-HELP are deductible. Therefore, you should confirm under which HELP scheme they were paid as they may be deductible. · If your employer reimburses part of your expenses, then you cannot claim a deduction for the amount of the expenses that have been reimbursed. · The amount of your deduction for self-education expenses may have to be reduced by $250. Further information about this, and self-education expenses generally, can be found by searching 'QC 31970' on ato.gov.au.

Relevant facts and circumstances: You are employed as a senior manager. You have enrolled into a post graduate management course. Your employer supports your further study by paying an amount up to a maximum of $xx,xxx per year.

Relevant legislative provisions: Income Tax Assessment Act 1997 Section 8-1 | Income Tax Assessment Act 1936 Section 51AH | Income Tax Assessment Act 1936 Section 82A