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Own Education fees, tax deductible if employed?

Posted 6 July 2015 under Tax Questions



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Jaco says:
5 July 2015 at 18:32

Good day TaxTim. My question: I am currently full time employed and working partly on commission, I am also studying towards a post graduate qualification that is perfectly in line with my current occupation.

I am paying my studies out of my own pocket and not receiving anything from my employer. Can I deduct this studies as an expense or any deduction in my income tax return and under what code, because I feel that this is in the proses of earning an income?

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TaxTimTaxTim says:
6 July 2015 at 8:13

Unfortunately not, these costs are seen by SARS as "capital" costs due to they being spent in order to establish yourself with the required skills in order to earn income. It's what SARS refers to Tree and Fruit whereas the tree costs are not deductible because they provide the ability to get fruit which is the income earning product, similar to what will be your new job.


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