Are small courses taken by me deductible for tax purposes?
By Marc Sevitz · Updated
What course is this, what is your job?
Thank you for the response Tim! I worked in marketing at that stage but then went for a course in SAP I.T?
Unfortunately not, if you worked full time and received a salary, but took up additional studies to improve your income earning capacity then this is not allowable as a deduction.
The thing is, the company did not want me to take this course, therefore I had to quit my job at that stage and did not receive any salary while I was doing the course. Does that change things?
No unfortunately it does not as there is no method of profit or income earned. It can be seen similar to buying a house and then renting it out. The rent is the income, the expenses are the rates, but the house (like your course) is an investment in order to increase income earning capacity.
Ok, thank you so much for the info. Have a great day!
Only a pleasure! Sorry we didn't have a better answer for you.
No Worries, a answer is better than no answer
Very true!