When are self-education and training expenses deductible in Australia?

You can claim a deduction for self-education expenses if the study has a direct connection to your current business activities as a sole trader. Specifically: - It maintains or improves the specific skills or knowledge you need for your current business. - It is likely to lead to an increase in income from your current business. **What you CANNOT claim:** - Study to get a new job or start a completely new business area (e.g., a graphic designer studying to become a nurse). - Higher Education Loan Program (HELP/HECS) repayments. **What you CAN claim:** - Course fees, textbooks, stationery, and some travel costs. - Depreciation on your computer used for study. - The first $250 of self-education expenses is no longer disallowed (this old rule was removed recently).

• Must relate directly to your current business activity
• Cannot be used to start a new career or business
• Covers fees, books, and associated travel
• HECS/HELP repayments are NEVER deductible
• Keep all receipts and course descriptions