Quick question for those who know:
If someone undertakes postgraduate study in a course directly relevant to their current employment (e.g. a communications specialist does their Master of Comms), the course fees and related expenses should be tax deductible.
What about if the same person is able to do the course and use the HECS system to pay the fees? Is the amount of HECS tax deductible in the year it is incurred, even though the cash changes hands at a later date?
Thanks in advance.
If someone undertakes postgraduate study in a course directly relevant to their current employment (e.g. a communications specialist does their Master of Comms), the course fees and related expenses should be tax deductible.
What about if the same person is able to do the course and use the HECS system to pay the fees? Is the amount of HECS tax deductible in the year it is incurred, even though the cash changes hands at a later date?
Thanks in advance.