The Tony Robbins Tax

Hi Barefoot,

I’m 26 and work in advertising and I earn $82,000 a year so I pay a lot of tax! Last year I went to a Tony Robbins seminar called Date With Destiny. It cost me $8,995 (and it was worth every cent!). Am I able to claim part of this expense as self education against my tax this year? It’s really helped me with my job …

Desi

Hi Desi,

You may have survived a fire walk over hot coals, but the ATO will not allow you to claim a motivational seminar as a work related expense -- no matter how much positive vibes you throw out into the universe. In order for you to claim a self education expense it has to relate specifically to your job at hand.

Scott

Previous
Previous

Help! Money Just Appears in My Account!

Next
Next

Where to Invest $5 million?