i buy your ebook

realy its clear and useful

i want ask you about

secret of nicolas davas and his method

is it useful …????

Thank you for the video. I have just started trading currencies and, thanks to your presentation, I will definitely concider this as a business.

Barbara

Mark: Thanks for the excellent feedback and suggestions! You’re spot on… unless you have either good cash-flow or a load of assets, this structure may be a little over kill. Take it with a grain of salt, and apply it where suitable.

Greg: Great to hear you’re using the structure effectively and thanks for the extra insight!

Your Trading Coach,

Dave

Thanks for this example, I currently use this structure plus another level, in your example of T1 & T2, I have taken a Fixed and floating charge ( or mortgage) from 1 to 2 over the assets in T2 to remove any equity ( and visa a versa) so in the event of being sued the liquidators can not obtain any equity on assets in any trust. This work well and in the days of litigation it is important to protect oneself.

Yes the fees my accountants bill is about $3k higher per year with these extra steps, but well worth the tax deduction.

Thanks Greg

I have some accounting quailifcations( not CPA or Degree) and have known the basics of what you have explained in your video. It has taken me about 3 years of tinkering on the edges to fully understand, you have done a great job in under 20 mins, Great work.

All comments above have been correct.

My only extra comment is that each time you add a element to the structure like having a company as trustee ( this is called a Corporate Trustee to use the correct term for it) you add another $1200 minimum to your accountancy fees ) and that is every year it operates, so you really need to have some really big profits or substantial assets to protect to set up the structure you mention. I would at a conservative guess say you would expect accountancy fees above $7000 per year plus other ongoings like the ASIC annual filing fees etc for the structure outlined in your presentation, I only mention this so that those looking into it understand , it’s not cheap to have as complicated structure as shown , but having said that, if you have the need to minimise the tax then you have correctly outlined and explained one of the best way to go about it. As you said , it has to fit with your personal situation otherwise a single trust or company or even individual is fine.

If your really want to take this to the next level, perhaps a video on having all this done within a Self Managed Super Fund , now that you can trade derivatives and such like , would also be most helpful , in a Super fund the goal is only 15% in the dollar tax but the down side in the preservation rules and other limitations attached in how it can be operated and contributions made etc.

Thanks for the excellent presentation

Max: I always pay top dollar for excellent advice

Clyde: It’s best you ask your own accountant on this one.

Craig: Nice. Thanks for further clarification – much appreciated.

Kim: Glad I could help and thanks for sharing.

John: That’s what I do

Carl: Remember to pay it forward.

Your Coach,

Dave

Nearly all of your videos are valuable. Sometimes you produce a gem and the
asset protection and tax minimisation video is one of those.

Keep up the good work!

Best regards,
Carl

I knew bits and pieces beforehand, but you set it all out nice and clearly

Thanks David.

i am not an accountant or financial advisor, i am just sharing my experience with running a pty ltd.

keep up the good work. kim

You will not get taxed twice by the company distribution. It should be paid as a franked dividend and as such not get taxed twice. You get a franking credit (like a rebate) for the company tax paid. It is a great structure and one used by many smarter people than us here.

You have given me a lot to think about, strangely in approximately 25 years of association with accounting types I have not had one suggest looking at trust strategies.

Probably because ours was a small company and their main interest was focused on preparing annual accounts and tax returns. As with most things, you get only what you ask for.

Thanks again,
Max

#1 This video is not meant to be tax advice … I just wanted to trigger a few ideas. Please consult your financial advisers before doing anything

#2. Once money is paid into the pty ltd I do not take money out and give it to an individual. The pty ltd is the last resort in the distribution process. This vehicle is used as a holding pen – these profits are to be used for other business expenses as they arise. It merely ensures you don’t pay more than 30% tax at any point in time.

#3. Now I’m not accountant, so I don’t want to give financial advice, but check out Craig’s comment below… it explains how to distribute profits with franking credit (thereby avoiding the double tax issue). That said, it’s best to ask your accountant on this.

Heinz: Thanks

Greg: It was my pleasure

Your Trading Coach,

Dave

I listened to your talk about asset protection and tax minimization. I don’t know if you have much experience setting up proprietary limited companies (corporations), but your system as a severe flaw.

If you put money into the proprietary limited to avoid being taxed over 30%, when you need to take the money out and give it to the individual, it is taxed as income of the individual. Therefore you have created a situation where income (profits) are doubled taxed. Asset projection is one thing and tax minimization is another. I think you need to be very care when you give out advice, please consult your accountant.

Sincerely,

Philip

Cheers
Dave