Capping Self Education Deductions is a Tax on Learning

March 24th,2014

The Real Estate Institute of Australia (REIA) says ongoing education is critical to performance through keeping abreast of developments in the industry and that capping deductions will stifle innovation.

REIA’s comments are in response to a discussion paper by Treasury and follow the 2013 Budget announcement of a proposal to cap work related education expense deductions at $2,000 from 1 July 2014.