Disclaimer

Disclaimer• My presentation is to educate you on a general

basis about tax and asset protection. Do NOT use this information to set up structures or plan your tax or do anything silly without getting advice from a qualified accountant or lawyer or some other self professed egotistical guru.

• Warren Black is a licensed accountant and lawyer, and has a financial planning diploma (yes I know I sound like the ultimate nerd). I am not presently licensed as a planner.

My Story

My Background

My Background:• Lawyer, accountant, financial planner with nearly

25 years experience

• 10 years experience with the ATO

• 15 years experience in private practice

• Experience in the wealth creation industry and mindset and quantum physics

Quote• “I am not evading tax in any way, shape or

form. Now of course I am minimizing my tax and if anybody in this country doesn't minimize their tax they want their heads read, because as a government I can tell you you're not spending it that well that we should be donating extra“

• Kerry Packer at the Print Media Enquiry in 1991

My Family

The Problem

The Failed Solution

Blindly trusting your accountant to fix the problem.

Common Complaints• My accountant works for the ATO not me• My accountant isn’t out of the box• It’s like my accountant is just a glorified

bookkeeper, that’s overpriced• My accountant doesn’t understand me as

a property investor• I’m sure I can claim more

The Successful Solution• Learn how the law

worksEducation

• Understand tax and asset protection laws

Understanding

The Successful Solution• Applying what

you’ve learnedApplication

• Deal with the advisers that millionaires use

Advice

Ignorance• Alfred the Great (a famous English King in

the 8th century) said about ignorance:

• “How knowledge liberates – knowledge is power. The saddest thing about any man is that he be ignorant. The most exciting thing is that he knows”

What We Are Covering• Who am I

Why am I hereIntroduction

• Making You Scumbag-Proof1. Asset

Protection

What We Are Covering• Slash your tax 100%

legally2. Tax MInimisation

• Put Money Aside For Your Future3. Super-

annuation

Our Limiting BeliefsWe all have these growing up in Australia• “If it’s from the government or someone in

authority it must be right”• “I’ve done something wrong”• “I’m not responsible”• “The government should look after me”

John 8:32• “You shall know the truth, and the truth

shall set you free”

Red Pill or Blue Pill?

1. Bulletproof Asset Protection

Threats We Face Today

1. Lawsuits

The World Has Gone Insane!

• “Do not eat” (Apple IPod)

• “Do not use while sleeping” (Hair Dryer)

• “This product is not intended for use as a dental drill” (Electric rotary tool)

• “This costume is not suitable for flying” (Superman costume)

2. Governments

48% of Bankruptcies Involve Government!

One Day Per Week for Small Businesses!

3. Banks

4. Insurance

5. Family Court

Horror Stories!!

Examples•

The Strategy - Couple• Strawman

• Person of Substance

The Strategy – Singles• Companies and Trusts

The Strategy• Separate Structures to isolate risk

Smokescreens

Smokescreens• Second Mortgages and Cross Collateralisation

Estate Planning• Simple Wills• Bloodline Wills

Frequently Asked Questions

•1. Do I need Asset Protection? I am just starting out …


•2. I already own a few properties. What do I do? Can I just put them into a trust?


•3. I’ve heard land tax is a problem with a family trust. Is that true?

2. Slashing Your Tax 100% Legally

Alarming Tax Facts

Alarming Tax Facts• 69% tax for the

average Aussie!!!

• http://the-riotact.com/are-you-paying-too-much-tax/52376

http://the-riotact.com/are-you-paying-too-much-tax/52376

http://the-riotact.com/are-you-paying-too-much-tax/52376

Alarming Tax Facts• 48% caused

by gov’t

Alarming Tax Facts• One

DayPerWEEK!

Tax Savings• EXAMPLE: $100k invested 10 yrs at 20% pa

46.5% tax $ 441,143.5130% tax $ 672,749.9915% tax $ 990,597.210% tax $1,378,584.92

Tax Savings• EXAMPLE: Let’s make it 20 years!

46.5% tax $ 841,920.5830% tax $1,618,027.0115% tax $2,925,766.910% tax $5,282,753.06

Secrets of the Rich The rich use entities to protect assets and

slash their tax• Companies – tax only 30%• Trusts – easy to split income between people• Super funds – tax at 15-30%• Foundations – tax free

Secrets of the Rich Various taxes for property investors

• Income tax• Capital gains tax• Stamp Duty• Land Tax• GST

Income Splitting

Companies

CompaniesThese are the most common today• Well recognised• Save tax• Limited liability, eg. tax debts and lawsuits

die with the company• Easy to sell later on

Warning Number 1Don’t use to buy and holdYou Lose Capital Gains Tax 50% Discount

Warning Number 2 Do not make payments out of a

company without adviceYou could pay tax as high as 76%!!!!!

Division 7A Monster!

Family Trusts

Family Trusts

• Family trusts are brilliant to slash your tax, and used by the rich

• Trustee – Puppet• Appointor – God • Many benefits

Benefit Number 1You can split income

Benefit Number 2You control not own assets


•4. I Am Just Starting Out with Property. Do I Need A Family Trust?


•5. My Accountant Says Family Trusts No Longer Work. Is that true?


•6. I Run A Business To Fund My Properties But I Don’t Earn Much. Do I Need A Family Trust? I Won’t Save Much Tax …


•7. I buy, hold, renovate. What structure should I use to buy property?


•8. I’ve heard that hybrid trusts are the best way to buy property? Is this true?


•9. I’ve heard that family trusts cause problems for negative gearing. Is that true?


•10. I am a Developer. Should I Use a Company Or Trust?

Claiming Deductions• Know the tricks of the rich …

Claiming Deductions• Other Clever Tricks• eg. travel


•11. I’ve heard you can claim some really sexy deduction as a property investor. Is that true?


•12. Can I buy property in different States or overseas and claim a holiday on the taxman?

3. Superannuation To Build Wealth

SMSFs v Managed Funds

Superannuation

• 15%

Superannuation

• 0% taxafter60

Save Tax With SuperSuper has great tax benefits• 15% tax before age 60• 0% after age 60• Tax free pensions• Great to accumulate long term assets

Superannuation• Trading Markets

Superannuation• Buying Australian or US Property


•13. Can I buy property in a superannuation fund?


•14. Can I transfer my properties into a super fund? It will save me a fortune in tax!


•15. Do you know any sexy benefits with me using a super fund to buy property?

Conclusion: “Why” Factor

The “Why” Factor• More people are living J.O.B., struggling day

to day, without purpose. Without a “why”, we can’t impact our country, our education system, and make a major difference.

• We need a greater purpose beyond ourselves

- Educate people to prosper in all areas of life- Liberate people from the system

The “Why” Factor

• Freedoms are being restricted more and more each day

• Increased licensing and regulation• Privatisation of government• Erosion of common law rights

• Tax laws change constantly and security of wealth erodes fast due to ignorance

MOVING FORWARD

YOU NEED TO LEARN THE SECRETS OF THE ACCOUNTANTS THAT MILLIONAIRES DEAL WITH!

Free Tickets To Event

We are giving away FREE TICKETS to our exclusive event, How To Legally Reduce Your Tax And Protect Your Assets!

Free ReviewsFind the Hidden Money as a Property Investor with a Tax Slashing and Property Asset Structuring Review!

We offer a complimentary consultation and FREE TICKETS to a 3 day event with one of our specialists to help you slash your tax and structure your assets!

Contact Details• Warren Black

• 1300 221 995• www.wealthsafe.com.au• [email protected]

• Facebook: • www.facebook.com/warrenblack777

• Twitter: • warrenblack777

mailto:[email protected]



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