Deductions - self-education expenses

Non-binding edited private advice. This is an edited version of private advice the ATO gave to a specific taxpayer about their own circumstances. You cannot rely on it — it is not binding and provides no protection for anyone else (see PS LA 2008/4). Use it as a guide to the ATO’s thinking, not as authority.

Are your self-education expenses deductible?

Yes. Your self-education expenses are deductible, as it is accepted the study meets the requirements detailed in Taxation Ruling TR 98/9. Further information about self-education expenses can be found by searching 'QC 31970' on ato.gov.au. This ruling applies for the following periods : Financial year ended 30 June 20XX Financial year ended 30 June 20XX The scheme commences on: 1 July 20XX

Since XX/20XX, you have worked as a Restaurant Venue Manager for an employer that owns several high end restaurants. You originally performed this role for a single venue before being made responsible for multiple venues. In this role, you have been responsible for the financial management of restaurants and your duties have included: • Cost of goods control • Labour management • Labour planning • Budgeting • Financial forecasts • Guiding projects towards strategic success. Several months after commencing your venue management role you commenced your Master in Business Administration (Finance). Your employer has supported and encouraged you in your studies. Your course covers the following units: • Leadership • Marketing Management • Strategic Human Resource Management • Operations Management • Financial Management • Strategic Management • Project Management • Corporate Finance • Corporate Governance • Financial Markets and Institutions

Your course has allowed you to move to a more corporate role with your current employer where you oversee the financial operations of multiple venues, and you are hopeful this will lead to an increase in your salary.

Income Tax Assessment Act 1997 section 8-1