Self Education Expenses

Self-education expenses relate to a prescribed course of education provided by

• Schools
• Colleges
• Universities

You can claim tuition fees, text books and stationery, computers & consumables, student union fees, travel to and from the place of education, academic journals, internet usage etc.

A prescribed course of education refers to an organized course of study that is either full time or part time. There should be an element of continuity and of on-going instruction or training.

These expenses are deductible where they are related to the taxpayer’s current income-earning activities.

An expense is deductible when it has the essential character of an income producing expense. The expense on course should be used in carrying on an income producing activity in business or in the course of employment.

These expenses are not deductible if the study is to enable a taxpayer to gain employment or open a new income earning activity.

We are Lyndhurst Tax Agents and Lyndhurst Accountants and offer a range of taxation and accounting services to businesses and individuals at affordable prices and are certified public accountants.

For further information about BookSmart Accountants Lynbrook or our Lyndhurst Accountant or Lyndhurst Tax Agent services, please contact us on 1300 300 106 or via our contact page