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From Craig Lyon
Craig Lyon & Associates Pty Ltd
Suite 3, 1st Floor, 136 Canterbury Road (PO Box 805)
HEATHMONT VIC 3135
Ph: (03) 9729 7592
Contained in last week’s budget papers was confirmation that the government intends to introduce a $2000 cap on tax deduction claims for work-related self education expenses. The proposed commencement date for this measure is 1 July 2014.
In the Treasurer’s 13 April 2013 announcement of this measure, Mr Swan defended the move on the basis that without a cap, “it is possible to make large claims for expenses such as first-class airfares, five-star accommodation and expensive courses”. Continue reading