Dale GATHERUM-GOSS
Trust Magic
Manual
Reader Testimonials
Trust Magic. 2007 updated Edition
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Trust Magic. How to legally protect your assets from lawsuits and enjoy big tax savings...
...the property investor's guide to using trusts.
Most serious investors use a Trust Structure
A trust allows you to control your assets without actually owning the asset. It allows for assets to be placed beyond reach of most lawsuits and for the income to be taxed at the best possible rates at all times.
A trust allows you flexibility and asset protection in a way like no other structure will.... and you don't have to be wealthy to have one.
The Trust Advantage
There's no point spending years or decades building up your income and wealth and then not taking steps to protect it - a Trust will do that for you.
As well as protecting your investments and assets, you can enjoy significant legal tax advantages that cannot be achieved through other methods of ownership.
You can also run your business through a Trust, purchase a home to live in, buy income producing investments, even use it to secure your children's financial future plus lots more.
If Australia's richest people are using Trusts to secure their finances, then why aren't you?
What You'll Get
Includes FREE Articles from the author, Dale Gatherum-Goss
Written by Dale Gatherum-Goss, one of Australia's top investment accountants, Trust Magic® provides you with tremendous insight into the magic of trusts and why most of Australia's wealthiest people use them to control their investments and assets.
Dale will reveal to you;
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How to use trusts for purchasing investments and assets - you'll be able to control everything and own nothing!
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How to legally protect your assets - keep them safe from lawsuits and predators.
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How to run your business through a trust - how to set it up and how to use it on a day to day basis.
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How to get banks to lend money to your trust - included is a check list to take to your bank.
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Some unusual tax deductions you can make with a trust - claim birthday presents, toys, a guard dog and many others legitimate items to reduce your tax bill by hundreds or thousands of dollars each year.
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How you can legally make double tax deductions on the same items - legally reduce your personal and business tax bills even further.
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What hybrid trusts are- how they differ from a family trust and when to use them.
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Why monks invented trusts over 1,000 years ago to help the knights of the Holy Crusade.
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Sample forms and minutes - they could save you hours of your time if you ever get audited by the tax office and help you avoid costly investigations.
How You'll Benefit From Trust Magic®
It's hard to believe that not so long ago all this information was only accessible to the wealthiest people who could afford to pay out many thousands of dollars for the best legal and financial advice going around.
They happily paid it because they knew that with the right structure they could keep their assets beyond the reach of most lawsuits and their income would be taxed at the best possible rates... all the time!
Now you can do the same because Trust Magic® will show you how.
Recommendation:
A best seller since first released, it is highly recommended reading for every serious property investor.
Table of contents
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Chapter 1.
Introduction
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Introduction
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Chapter 2.
Setting the Scene
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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
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Chapter 3.
Getting Started
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Getting Started
Stamping Your Trust Deeds
Applying for an ABN & TFN
Opening a Bank Account
Personal
Trustee
Registering a Business Name
In Summary
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Chapter 4.
Investing through a Trust
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Investing through a Trust
Cash Investments
Share Investments
Property Investments
Home Sweet Home
In Summary
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Chapter 5.
Borrowing Money
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Borrowing Money
Borrowing Money From a Bank
Check-list of Information to Take to the Bank for a Loan
Borrowing Money from Private Sources
Interest Claims
Created Loan Accounts
In Summary
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Chapter 6.
Keeping Score
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Keeping Score
Recording Your Mindset
Blank Minute
The Day to Day Transactions
Maintaining Your Trust Deed
Tax Return Check-list
In Summary
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Chapter 7.
Down to Business
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Down to Business
GST
Employing People
Insurances
Image
Planning
In Summary
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Chapter 8.
The Trust’s Tax Return
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The Trust’s Tax Return
Tax Planning
After Profit Advantages
Before Profit Advantages
In Summary
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Chapter 9.
Hybrid Trusts
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Hybrid Trusts
So, What Happens a Few Years Down the Track
Investing With Another Person
Stamp Duty Savings
Further Reading
In Summary
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Chapter 10.
Magic Tricks
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Magic Tricks
Unusual Tax Deductions
Double Tax Deductions
Profit Distribution
Wages
Travelling Allowance
Capital Distributions
Refinancing
In Summary
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Chapter 11.
Questions & Answers
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Questions & Answers
Structure FAQs
Financial FAQs
Investing FAQs
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Chapter 12.
Appendices
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Sample Minutes
Potential Tax Deductions
Trust Rental Property Questionnaire
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READER TESTIMONIALS
A few years ago my Accountant set up a trust for me and told me to put all my future investment properties into it, but I didn't really understand why. Now after reading Trust Magic, I finally get it! This year I even come up with some extra deductions my Accountant hadn't thought of as a result of what Dale suggests in the "Unusual Deductions" sections. Thanks Dale.
Jacqui Cones - Failford NSW
I learned more from Trust Magic about how Trusts work than I ever did from my Accountant. It is easy to read and gives the reader lots of practical knowledge and ideas. Great value when you consider what I pay my Accountant.
Terry Plummer - Wodonga Vic
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