Self-education expenses: some thoughts for taxpayers and their advisers
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Date
2014-09
Authors
Blissenden, Michael
Kenny, Paul
Xynas, Lidia
Journal Title
Journal ISSN
Volume Title
Publisher
LexisNexis
Rights
Copyright © 2014 LexisNexis.
Rights Holder
LexisNexis
Abstract
With the advent of another tax year, the nature and form of self-education expenses come to mind. The income tax return for individuals makes a perceived distinction between forms of education for tax purposes but it may not be that clear for taxpayers and their advisers. Item D4 of the individual tax return allows for taxpayers to make a claim for work related self-education expenses that relate to formal qualifications from a school, college or university. The individual tax return implies that there is a distinction between formal self-education and informal self-education. However when one looks at the relevant Australian Tax Office (ATO) material, this distinction could easily be overlooked.
Description
Copyright © 2014 LexisNexis. This article is made available per the publisher's Content Sharing policy.
Keywords
Tax Law, Self-education expenses, Individual tax payer, Tax return, Australian Taxation Office, Tax deduction
Citation
Self-education expenses: some thoughts for taxpayers and their advisers (2014) 1(4) TAX 80