Claiming Self Education Expenses

CATS4TAX – Tax Tip #6

You can claim expenses related to your studies connected to your employment

You may be eligible to claim a deduction for your expenses directly related to undertaking study which has a sufficient connection to your current employment.

• The study maintains or improves the specific skills or knowledge you require in your current employment.

• The study results in or is likely to result in an increase in your income from your current employment.

You cannot claim a self education deduction for a course:

• Related only in a general way to your current employment or profession.

• Will enable new employment opportunities.

Claimable Expenses

• Tuition fees – paid by you and not reimbursed.

• Computer consumables.

• Textbooks.

• Professional or Academic Journals.

• Stationery.

• Home office running costs.

• Internet usage (excluding connection fees).

• Phone calls.

• Postage.

• Student services/amenities fees.

• Travel costs, car expenses between home and the place of education and between work and education.

• Depreciation assets.

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IMPORTANT DATES:

BAS DUE DATE Q4 – 28 JULY

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www.cats4tax.com.au

lyndall@cats4tax.com.au

0404 483 685

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