Tax Relief for College Tuition

o260g · 2 August 2011 at 2:37PM

Hi All

Well I've just graduated from university and am going into graduate school. My parents are paying part of the tuition fee, are there any tax breaks/relief for this?

Thanks

Oliver

Oldernotwiser · 2 August 2011 at 2:45PM

No.........

Cook_County · 3 August 2011 at 12:00AM

The gifts may not need to be counted as PETs for IHT purposes should a parent die within 7 years if the gifts are out of their normal expenditure.

Skoorb · 3 August 2011 at 11:34AM

By the use of your language, specifically "college tuition" and "graduate school" it sounds like you are not in the UK (college is for ages 16-19 here). Are you referring to a postgraduate degree at a British university? If you are, your best bet is to contact the university's finance office.