Hi
I am looking to embark on study for a course which is expensive. It does relate to my current job so I believe that if I pay upfront then the cost of the units in the course should be tax deductible. Obviously I would like to avoid upfront costs if I could, so I was wondering about the tax deductibility of a Fee-Help loan. I understand that there is a 20% charge for the Fee-Help loan which adds to the cost. When I search on this topic I am unable to find any clarity about how Tax deductible Fee-Help loans are for the total amount against my annual income. Can someone assist to clarify this for me? Can the principal and interest be claimed? If I pay upfront I believe I should be able to claim for the cost.
128 views
128 views1 replies
1 replies
128 views
1 replies