Deduction for study fees

Henry-George asks:
(updated on Monday, September 14th 2015)

If I wanted to study a diploma of business management or a bachelor of finance to help improve the efficiency of my property investing business, would my course fees be a tax deductible expense?

 

 

Our Experts Answer:

Your quest for knowledge is excellent. But I don’t believe that university fees of that nature would be considered to have a sufficient link or nexus with the derivation of rental income to meet the test for deductibility.

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