accountants please.....
Thread Starter
Join Date: Jan 2003
Location: scattered
Posts: 13
Likes: 0
Received 0 Likes
on
0 Posts
accountants please.....
If i was working in the aviation industry flying, then left that job to do an instructor rating, THEN got a new job flying elsewhere would it be tax deductible? Or do you need to still be working in the industry whilst training?
Join Date: Dec 2002
Location: Australia
Posts: 23
Likes: 0
Received 0 Likes
on
0 Posts
Without having the current legislation in front of me, educational expenses are only deductible as they relate to your current employment. As you are talking about getting the rating whilst unemployed I believe the answer to your question is that it won't be deductible.
Regardless, I'm not sure whether any aviation training would be deductible?
Regardless, I'm not sure whether any aviation training would be deductible?
Join Date: Apr 2001
Location: Adrift upon the tides of fate
Posts: 1,840
Likes: 0
Received 0 Likes
on
0 Posts
Sorry to disagree
There are specific rulings about self ed, and every case is different, however; you must be currently employed to claim self ed. Ed undertaken between jobs fails this test.
Search the ATO site. There are several rulings which are near identical to your situation.
Search the ATO site. There are several rulings which are near identical to your situation.
Join Date: Dec 2002
Location: Australia
Posts: 23
Likes: 0
Received 0 Likes
on
0 Posts
sactaf is right with what he says about claiming a deduction but as myself and Ferris have stated, you must be in current employment directly related to your study at the time you are studying in order for the deduction to be eligble.
