Читать книгу 101 Ways to Save Money on Your Tax - Legally! 2022-2023 - Adrian Raftery - Страница 35

If you have an adult child who has a job while going to university or TAFE then they may be able to claim a deduction for certain expenses if there is a sufficient connection between their course and their assessable income. Some expenses that they might be able to claim in this instance include:

 depreciation of assets (such as computers, desks and bookshelves) used for studying purposes

 journals and periodicals

 photocopying and printing costs

 stationery

 textbooks

 travel from work to place of study.

They wouldn't be entitled to a deduction for any tuition fees payable under HELP or any repayments of outstanding HELP debts.

Earnings from a child's investments must be declared by the person who rightfully owns and controls the investment, not the person whose name it is in, or whose name it is held in trust for. This is regardless of whether the money is spent on resources for the child.