Ed Chan
of Chan and Naylor, accountants, is a leading property tax specialist. Ed is co-author of 3 books including the top selling book "How to legally reduce your tax without losing any money" www.chan-naylor.com.au
Articles by this Author
Mr and Mrs Smith recently came to see us because they had an annual land tax bill of $46,000 per annum to pay.
They were both medical specialists, so both were in high risk industries for litigation.
Naturally they were concerned to have anything in their name.
Read on to find out more...
There has been some excitement about the recent change in rules allowing Self Managed Superfund's to borrow money to buy property.
The excitement is justified because this area allows the average person to leverage their money in Superannuation Funds held around the country.
Read on to find out more...
Should I sell my property?
- By Ed Chan
- Published 17/04/2009
- Property Investment
The way the taxation system works in Australia means that no taxation is normally due on the increasing value of your assets. You only pay tax on the capital gain (increase in value) when you sell.
So do you sell and attract these costs, or is there another way? Read on to find out…
Your role in the Property Game
- By Ed Chan
- Published 9/08/2007
- Property Investment
In this extract from his new book "How to Achieve Wealth for Life" property tax specialist Ed Chan reminds you not to get confused by your 'role' in the game of property investing.Read on....
I have often been asked whether one should have one Trust with lots of property, or should one have one property per Trust. The answer depends on a few things.
And while it would seem to be a complicated process, it is actually a fairly simple exercise.
I have often been asked whether we should have an individual as Trustee, or a Company as Trustee of a Trust? To answer that correctly we need to "start with the end in mind". What is the ultimate goal?
Are you simply going to buy one or two properties, or are you going to buy quite a few? From an Asset Protection point of view, if you are only going to buy one or two properties than perhaps using yourselves as Trustees will be sufficient. However, if you are planning to buy lots of properties over the years then we definitely recommend a Company as Trustee.
Why? Click here to find out ...
How the Rich think differently to the Poor
- By Ed Chan
- Published 20/02/2007
- Personal Development
In this article, accountant and best selling author Ed Chan shares the ways in which the "Rich" think differently to 95% of Australians.
He explains that the main difference between the rich and the poor is simply the way they think - their mindset...
He explains that the main difference between the rich and the poor is simply the way they think - their mindset...
Many Investors get confused when purchasing a property through a trust and wonder in who's name the contract should be.
In this article, accountant and best selling author Ed Chan removes some misconceptions and puts you on the straight and narrow.
There is critical mistake made by many people who have lines of credit and who have investment properties This mistake is common and you've got to be aware of this because it's costly to fix up.
Now, I assume you know what a line of credit is? Read on...
One of the main pitfalls that investors fall into is using a trust that doesn’t allow for negative gearing of investments. Family trusts for example quarantine the losses, in other words, the losses get trapped inside the trust and the individual is unable to claim those losses against his or her income. The result is that negative gearing cannot be achieved.
So how do you claim the losses when using a trust?







