Hi,
Just wondering if anyone knows if you can claim back tax relief on money spent on an instructor rating. This is of course if you are already employed as a pilot.
Huey
Instructor rating
- huey
- Gold Wings
- Posts: 101
- Joined: Aug 2006
Instructor rating
Huey
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- New Member
- Posts: 7
- Joined: Oct 2007
Re: Instructor rating
You sure can !
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- Silver Wings
- Posts: 76
- Joined: Jun 2007
Re: Instructor rating
You could have the institution invoice you in two chunks. One this financial year and one next.
Whereas hardward (helmets etc) can be depreciated over a period of years, training is taken in one chunk and that's that.
Depending on your circumstances i.e if it will take you over your max benefit, you may be better off spreading the expense over two tax years....
This does not consitute advice and I welcome correction from experts, officals, ASIC, Rudd's Mum, whoever. Just a thought, that's all.
Whereas hardward (helmets etc) can be depreciated over a period of years, training is taken in one chunk and that's that.
Depending on your circumstances i.e if it will take you over your max benefit, you may be better off spreading the expense over two tax years....
This does not consitute advice and I welcome correction from experts, officals, ASIC, Rudd's Mum, whoever. Just a thought, that's all.
- huey
- Gold Wings
- Posts: 101
- Joined: Aug 2006
Re: Instructor rating
Thanks lads for the advice, I've been bush for a few days so away from the PC.
Huey
Huey
Huey
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