Self-education expenses not tax deductible (May 2024 Tax Update)

Relevant For:

People considering self-education for career progression.

Key Points:

• The AAT ruled against tax deductions for self-education expenses for a dental technician becoming a qualified dentist in Australia.
• This is because there was no employer or regulatory requirement for the technician to become a qualified dentist.
• The expenses were deemed not essential for maintaining or improving skills in current role.
• Self-education costs must relate directly to current income-producing activities to be deductible.
• Case highlights strict criteria for tax-deductible self-education expenses.