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Study loans - how does it work for tax?

Posted 23 June 2015 under Tax Questions


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DC says:
15 June 2015 at 8:36

If I took out a personal loan to pay for a course on the internet to further my studies, can I claim anything back on the loan. The course is in a different line of work so the company will not pay for it. Regards

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TaxTimTaxTim says:
15 June 2015 at 9:04

You borrowed money from the employer or the bank?


DC says:
17 June 2015 at 9:15

Hi Tim

I borrowed money from the bank, but personal loan and not a study loan.

Regards


TaxTimTaxTim says:
17 June 2015 at 12:24

Unfortunately this is a personal transaction so you cannot deduct anything against this.


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