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Overview
Price (AUD $): 97.00
Comments: Spiral Bound Book
Description
Trust Magic - Dale Gatherum-Goss
In Trust Magic, accountant Dale Gatherum-Goss, one of Australia's most renowned property tax experts, teaches readers how to protect their assets and mimimise tax using trusts.
Dale provides you with an insight into the magic of trusts and explains why Australia's wealthiest property investors use trusts to control their investments and assets.
When you read Trust Magic, you will learn:-
- How the rich "control everything and own nothing!"
- Why you should use trusts for purchasing investment properties and other assets.
- How to legally protect your assets from lawsuits.
- Why you should consider running your business through a trust.
- How to get banks to lend money to your trust.
- "Tax loopholes" - some special tax deductions you may be able to claim when a trust owns your assets.
- Some little known items where you can legally claim double tax deductions.
- How hybrid trusts differ from family trusts and when you should consider using them.
Trust Magic Contents
This great manaual is over 200 pages crammed full of tax saving and asset prteting advice.
Chapter 1. Introduction
Introduction
Chapter 2. Setting the Scene
Setting the scene
The history of trusts
Protecting your wealth
Tax benefits of using a trust
So, how does this affect me?
Advantages
Disadvantages
The settlor
The trustee
The appointor
In summary
Chapter 3. Getting Started
Getting started
Stamping Your trust deeds
Applying for an ABN & TFN
Opening a bank account
Personal
Trustee
Registering a business name
In summary
Chapter 4. Investing through a Trust
Investing through a trust
Cash investments
Share investments
Property investments
Home sweet home
In summary
Chapter 5. Borrowing Money
Borrowing money
Borrowing money from a bank
Checklist of information to take to the bank for a loan
Borrowing money from private sources
Interest claims
Created loan accounts
In summary
Chapter 6. Keeping Score
Keeping score
Recording your mindset
Blank minute
The day to day transactions
Maintaining your trust deed
Tax return checklist
In summary
Chapter 7. Down to Business
Down to business
GST
Employing people
Insurances
Image
Planning
In summary
Chapter 8. The Trust's Tax Return
The trust?s tax return
Tax planning
After profit advantages
Before profit advantages
In summary
Chapter 9. Hybrid Trusts
Hybrid trusts
So, what happens a few years down the track
Investing with another person
Stamp duty savings
Further reading
In summary
Chapter 10. Magic Tricks
Magic tricks
Unusual tax deductions
Double tax deductions
Profit distribution
Wages
Travelling allowance
Capital distributions
Refinancing
In summary
Chapter 11. Questions & Answers
Questions and answers
Structure FAQs
Financial FAQs
Investing FAQs
Chapter 12. Appendices
Sample minutes
Potential tax deductions
Trust rental property questionnaire
