Trust Magic *6th Edition*

In February 2011, Dale Gatherum-Goss, a tax agent and former CPA* who is well known in investment circles, released the 6th, and most comprehensive, version of the bestselling book "Trust Magic".

"Trust Magic" has been incredibly successful and popular now for 8 years because Dale simplifies family trusts for the layperson and professional alike. 

The book shows not only how trusts work, but how you can use them to save tax. 

The book is complete with diagrams and explanations and is written in a relaxed and easy to read style.  It is highly praised by professionals and individuals alike.

With the sad passing of Nick Renton in early 2010, Trust Magic remains the only book on the market that deals with family trusts.  Now, it has been brought up to date with a lot more new content and current tax laws and thinking.

Contents:

Chapter 1.

Introduction

Foreword

Acknowledgements

Chapter 2.

Setting the Scene

The Main Players

The Settlor

The Trustee

The Appointor

The Controller

The History of Trusts

Protecting Your Wealth

Tax Benefits of Using a Trust

So, How Does This Affect Me

Advantages

Disadvantages

In summary

Chapter 3.

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

Cash Investments

Share Investments

Bullion Investments

Forex Currency Investments

Property Investments

Home Sweet Home

In Summary

Chapter 5.

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

Recording Your Mindset

Blank Minute

Blank Resolution

The Day to Day Transactions

Maintaining Your Trust Deed

Tax Return Checklist

In Summary

Chapter 7.

Down to Business

GST

Employing People

Insurances

Image

Planning

Marketing

In Summary

Chapter 8.

The Trust’s Tax Return

Closely Held Trusts

Tax Planning

After Profit Advantages

Before Profit Advantages

In Summary

Chapter 9.

Hybrid Trusts

So, What Happens a Few Years Down the Track

Investing With Another Person

Stamp Duty Savings

Further Reading

In Summary

Chapter 10.

Land Tax Trusts

Background

Land Tax

What To Do

In Summary

Chapter 11.

Magic Tricks

Unusual Tax Deductions

Profit Distribution

Wages

Motor Vehicles

Travelling Allowance

Capital Distributions

Refinancing

Cloning

In Summary

Chapter 12.

The King Is Dead, Long Live The King

In Summary

Chapter 13.

Questions & Answers

Structure FAQs

Financial & Tax FAQs

Investing FAQs

Chapter 14.

Sample Minutes

Potential Tax Deductions

Trust Rental Property Questionnaire

Afterword

NOTE: This publication is spiral-bound.