The Coalition Government reversed Labor’s $2,000 cap on tax deductibility of self-education expenses. Removing the cap is great news for thoughs of Doctors, nurses, teachers and others who would have struggled to afford critical education courses and vital self-accreditation. Doctors are required to undertake continuing medical education in order to retain not only their active status in the various specialist Medical Colleges but also to retain their basic registration with the Australian Medical Board. The $2,000 cap on tax deductibility on fees for attendance at such activities grossly underestimated the cost of post graduate medical education courses. We should be rewarding people who are prepared to invest in their own skills, not penalising them with such a cap. |