Christmas presents that aren't a waste of money

CHRISTMAS is a time when tens of thousands of dollars are wasted buying gifts that have no lasting value to the recipient.

A carefully chosen book is the exception because it is relatively cheap, and has the potential to improve both the assets and the income of the person who is fortunate enough to receive it.

This is why I suggest you think about the new book Winning Property Tax Strategies written by tax guru Julia Hartman and myself.

Residential property is Australia's favourite investment yet many landlords fail to achieve their dreams of wealth because they get it wrong from the start. This new book provides a unique insight into the many different facets of property investing.

Even though the primary focus is on ways to save tax, it is stressed that one size does not fit all. A property that is suitable for one type of investor may not suit another, and there are many different structures that can be put in place.

The tax considerations for younger investors are almost the opposite of those from middle aged investors, - retirees need a different structure altogether.

The ability of superannuation funds to borrow for investment in real estate means there is now a whole new wave of investors who want to use their superannuation for bricks and mortar, not shares. In my view, this is an area that is fraught with difficulty, but there has never been a greater need for education on the subject. The book covers this area in detail.

It covers the whole spectrum of investing in real estate, explains the best structures to use, and should help you decide what strategy is best for your own situation. It's a steal at $29.95 when you consider it may save you tens of thousands of dollars in the future. It won't be available in the bookstores before Christmas but can be bought online at - click on Products.

Noel Whittaker is the author of Making Money Made Simple and numerous other books on personal finance. His advice is general in nature and readers should seek their own professional advice before making any financial decisions. Email: