I am considering attending a TAFE carpentery course to upgrade my reno skills,for my IP’s.Would i be able to claim for the costs of the course?? & travel exp’s??[confused2]
Hi Misty,
I hope that you will be pleasantly surprised to receive the answer YES.
A lot of part-time students do not realize that, as long as their courses relate to their day-time jobs, they can claim the cost of travel from work to tafe/uni. Even a one-way trip from home to the tafe/uni library is claimable. If they travel work-uni-work, then the return trip is claimable.
So, the way that you have worded your question makes the expenses claimable – including travelling costs, but usually just one way. If your home is a place of business, then travel from home to tafe to home will be claimable.
The ATO quite correctly does not view the owning of rental properties as a business, so justifying a home office is rather problematical. If you own many rental properties or a block of units that requires regular management and collection of rents, for example, then ATO are more likely to accept that you need a home office to maintain records and as a base to manage the properties.
If you were to travel from the rental properties to tafe, then the travel claim would be clear. You may need to ask your Australian tax agent about the travel claim to ensure it is documented correctly.
Christopher Raynal
Master Accountants Group Limited
PO Box 46018 Herne Bay
Auckland New Zealand
Ph +64 9 360 3259
Fax +64 9 360 2180
http://www.masteraccountants.co.nz
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