SELF EDUCATION EXPENSES

Taxpayer’s name	Benita Henderson
Place of education	Taxville University	Qualification	M. Fin Planning
Nexus between major studies and current income Taxpayer is a financial planner who is studying part-time for a masters degree in financial planning.

CATEGORY A
Course fees		1898
Textbooks		228
Stationery		65
Home study		56	6h x 36w x 0.26
Photocopying & postage		50
Student union
Computer-related expenses
Internet		85
Car expenses (log book or 1/3)
Other travel
Accommodation
Other		160	TOTAL A	2542
CATEGORY B
Decline in value (deprn) from schedule		100	TOTAL B	100
CATEGORY C
Repairs to equipment			TOTAL C
CATEGORY D
Car expenses (cents/km or 12 per cent)			TOTAL D
CATEGORY E
Non-deductible travel
Capital costs (self-edn portion)		100
Child care related to self-education
Other			TOTAL E	100
$250 MINUS [ C ( ) plus D ( ) plus E (100) ] =				150	F (cannot be a minus amount)
			A – F =	2392	G (cannot be a minus amount)
B	100
C
D
G	2392
Total item D4	2492

26c/hr HOME STUDY CLAIM

This claim covers heating and lighting and depreciation of basic furniture (desks, bookcases etc, but not computer equipment) and carpet.

If furniture for the home study has been bought, and there are expenses for heating and lighting, a dual claim cannot be made.

Substantiation - for the amount under the threshold, and for Category E, no formal substantiation, but it should be possible to show how the money was spent.

For other expenses, the normal substantiation rules apply.

Codes:

K Study will improve skill in this occupation

I Study will lead to higher income in this occupation

O Other