Can NZ sole traders claim training and professional development costs?

Yes, New Zealand sole traders can claim the cost of training and professional development that directly relates to their current income-earning activities. The key requirement is that the training must be related to your existing business — not for a completely different career path. **Deductible professional development:** - Courses directly related to your current trade or profession - Professional certifications required to maintain your current registration - Industry conferences and seminars - Technical books, journals, and subscriptions - Online courses on platforms like Udemy, LinkedIn Learning (related to your work) - CPD required by professional bodies **Not deductible:** - Courses for a completely new career or unrelated field - General interest education unrelated to your current work - University degrees for a new profession (with some exceptions) Travel to attend training (including accommodation for multi-day courses) can also be deductible if the training itself qualifies.

• Must be related to your current income-earning activities
• Includes courses, certifications, conferences, professional books
• Travel to qualifying training events is also deductible
• Cannot claim for training for a completely new career
• Online subscriptions (LinkedIn Learning, Udemy) count if work-related