Reforms to self-education expense deductions

refer ATO: http://www.ato.gov.au/content/00351802.htm

On 13 April 2013, the government announced a proposal to introduce a $2,000 cap on all work-related self-education expenses.

It is proposed that from 1 July 2014, work-related self-education expenses will have an annual cap of $2,000 a person.

The government has confirmed that employers are currently not liable for fringe benefits tax (FBT) for education and training they provide to their employees - this treatment will be retained, unless an employee enters into a salary sacrifice arrangement for work-related education expenses.