Proposed changes to self-education expense deductions

The Commonwealth Government has announced it proposes to cap tax deductions for work related self-education expenses.

From 1 July 2014, work related self-education expenses will be subject to an annual cap of $2,000 a person.

Currently employers are not liable for fringe benefits tax for education and training they provide to their employees – this treatment will be retained, unless an employee salary sacrifices to obtain these benefits.

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