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NEWS & INSIGHTS

Tax and the Family Home

Tax and the Family Home

Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption.

ATO Releases Scam Data for 2021

ATO Releases Scam Data for 2021

The ATO has released data on scam reports, age cohorts, the channel used and top reported scams for 2021. Scam Reports 50,684 tax and super scams reported in 2021 The average dollar amount lost to a tax and super scam was $5600 Age In 2021, people aged 25 to 34 made...

Broker Award

Broker Award

Platform Finance WA took home the Vow/ YBR 2022 Commercial Broker Group Partner Award for WA at the Vow Financial and Yellow Brick Road Conference held in Tasmania. Peter Elkerbout and Jacob Lay of Shakespeare Leasing & Mortgage Solutions were wrapped to be a part...

Tax Time Targets

Tax Time Targets

With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season.

1. Record-keeping
2. Work-related expenses
3. Rental property income and deductions, and
4. Capital gains from crypto assets, property, and shares.

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