Tony MELVIN & Ed CHAN
How To Legally Reduce Your Tax 2011- Ed Chan
Paperback
Description.
Totally Revised and updated Edition. New May 2011
Now with Q & A's
Discover how the rich use company and trust structures to protect their assets and minimise their tax.
This book is a must for business owners and investors! Tony Melvin and Ed Chan have simplified and summarised everything you need to know about tax legislation in an easy, yet comprehensive guide.
Advice and information that can help you save money includes:
The difference between a company structure and a trust
The seven different types of trust and how to use them
Why you should rarely buy an investment in your own name
How to protect your assets from lawsuits, taxes and creditors
How you can pass your wealth on to your children and have it protected for generations
Why tax is a game which can be played by everyone, not just the wealthy
Here's a taste of what's inside;
The difference between a company structure and a trust
The 7 different types of trusts and how to use them
Why you should rarely buy an investment property in your own name
How to protect your assets from lawsuits, taxes and creditors
How you can pass your wealth onto your children and have it protected for generations
How to protect your business assets
Why tax is a game which can be played by everyone, not just the rich.
RECOMMENDATION:
A simple, no nonense explanation about how to protect your assets and income.
Table of contents
Part One
Rules of the Game
The game of tax
The effect of tax
How the rich play the game
The self-assessment system
Part Two
A Players Tool
The two main taxes
Tools of the game
What is a company
What is a trust
Asset Protection - the difference between a company and a trust
Unit, Hybrid and bare trusts
Deceased estates and divorces
The Trust guide
Understanding property and negative gearing
Land tax
Business asset protection
Superannuation: a taxed savings plan
Maximising your tax deductions and reducing your tax
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