Self-education claims for those on Youth Allowance

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In a court case decided earlier this year, the Australian Taxation Office was forced to allow deductions for self-education costs to recipients of Youth Allowance.

This will only be possible for the 2011 financial year. Legislation will be introduced to deny self-education claims to all recipients of federal government allowances from 1 July 2012.

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In this edition

Personal tax rates to include Flood Levy

Increased funding for hospitals and health care and changes to Chronic Diseases Dental Scheme

Tax changes to affect minors

Changes to spouse rebate

Superannuation changes

Motor vehicle tax-break changes

Changes to HECS

Self-education claims for those on Youth Allowance

More money in the hands of low income earners

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