Taxation Ruling
TR 1998/9A3 - Addendum
Income tax: deductibility of self-education expenses incurred by an employee or a person in business
-
Please note that the PDF version is the authorised version of this ruling.View the consolidated version for this notice.
Addendum
This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Taxation Ruling TR 98/9 to account for the simplified calculation of car expenses.
TR 98/9 is amended as follows:
(a) Omit 'and '12% of original value' methods'; substitute 'method'.
(b) Omit '28-60'; substitute '28-35'.
(c) In the third sentence omit 'using these methods'; substitute 'using this method'.
In the third sentence omit 'a rate per kilometre multiplied by the number of kilometres travelled'; substitute 'the rate per kilometre multiplied by the number of business kilometres travelled'.
(a) Omit:
| Car expenses 213 km @ 47 cents | $100 |
Substitute:
| Car expenses 213 km @ 66 cents | $140 |
(b) Omit:
| Total expenses | $1,250 |
Substitute:
| Total expenses | $1,290 |
(c) In the final sentence omit 'In the year of income, he wishes to claim the following'; substitute 'Using the rate per kilometre set for the year of income commencing 1 July 2016, he wishes to claim the following'.
(a) Omit:
| Car expenses (cents per kilometre method) | $100 |
Substitute:
| Car expenses (cents per kilometre method) | $140 |
(b) Omit:
| Net amount of self-education expenses | $1,050 |
Substitute:
| Net amount of self-education expenses | $1,090 |
(a) Omit '$800'; substitute '$840'.
(b) Omit '$1050'; substitute '$1090'.
(a) Omit:
| Car expenses | $100 |
Substitute:
| Car expenses | $140 |
(b) Omit:
| $750 |
Substitute:
| $790 |
At the second instance omit '$100'; substitute '$140'.
Insert:
Other references
Legislative Determination: Income Tax Assessment Act - cents per kilometre deduction rate for motor vehicle expenses
This Addendum applies on and from 1 July 2016.
Commissioner of Taxation
13 July 2016
© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA
You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
References
ATO references:
NO 1-7UVAH6G
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
