Self education deduction and Austudy income

It’s called the Antsis decision – one young lady who took on the ATO and one. In this case a student successfully argued in court that her self-education expenses were deductible against her Austudy income. The court decided that there was sufficient connection between the expense on education and the earning of her Austudy payment.

This was a surprising test case result for the ATO. They are currently amending all affected returns for the last couple of years automatically with a deemed $500 deduction. However, taxpayers can add more deductions where they can substantiate then.

Contact us to discuss how the Anstsis decision affects your family’s tax, your deduction claims and Austudy income.

Please note – the law will be changed and from the 2012 tax year it is much harder to claim any deductions against Commonwealth government payments.

Author: lucentor

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