You can't claim the self-education relating to future income-earning activities like employment or business. If you start a business and then take on training/study to improve the business or your earning capacity in the business then it may be deductible. It's a bit subjective as to what constitutes "starting" a business.. I guess you would have to have started earning income already.
For example, if you want to start a hair dressing business, you can't claim a business expense for taking on a hair dressing diploma but if you already have a diploma and start the business, you could claim self-ed/training expense in the business for a beauty course, in order to provide additional services in the business.
@witherwings thank you for all this advise I have a quick question I have been on ATO website & I believe most of my income is PSI I understand I can't claim any of my rent but am I able to claim a portion of electricity for works do
Last edited by MyDino; 01-09-2016 at 08:03.
There is also a home office maintenance rate (for heating, cooling and lighting) you can use, which is currently 45c per hour. So if you work full time from home for 48 weeks (a year minus a 4 week holiday), it would be 48 weeks x 40hrs x 45c = 864. You can claim this without any receipts but you need to maintain a 4-week diary to record how many hours you worked from home.
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