HI All,
Does anyone know if this course we are doing with Steve - Property Apprenticeship be tax deductable? Since its a substantial cost, it would be good if we can somehow claim it under education expense but I am not sure since its not directly related to my work (I have a corporate job so how to argue this course relates to my corporate job?)
appreciate anyone's feedback,
Hi Jack.
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I did my tax return on Sat. Yes my accountant did claim it for me. I am an APS, the education is not related to my work but I do have an ABN number though. So it is best to check it with your accountant.
Cheers
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Hi Jamilc, what is APC? My accountant won't allow me to claim for it saying it's not related to my job. :( But I have an ABN too, just not really doing any business at the moment.
Hi Jamilc, what is APC? My accountant won't allow me to claim for it saying it's not related to my job. :( But I have an ABN too, just not really doing any business at the moment.
The basis for claiming a course on tax relies on the fact that you will use the education to progress in that field, if, like me, you begin the course before purchasing your first investment property you will be gaining knowledge in the field by doing the course, but, now that I have an investment property any further courses, seminar costs and literature can be claimed as I am now in the field and using the knowledge to progress.
I am not an accountant but this is what mine told me while doing my 13-14 tax recently.
Hope this helps.
Gerard.
Hi Jack and Gerard,
I am an australian public servant.
Thanks to Gerard's comment. His comment applies to me so thats why I was able to claim it.
Regards,
Jamil
i cliamed the course it has helped me alot with my investment properties so its a vital education the was nesessary for my future buisness as a investor
daniel
Hi
There is further information about tax for this course at the link http://www.propertyinvestortraining.com.au/forum/general-discussion/tax-...
Cheers,
See session 43 which covers this subject.