P
Parsimonious
Guest
My question is does anyone know an online or telephone execution broker (UK or US or ROI) that will allow for a reference to be placed on the trade, and is cheap ie no more than €20 per trade.
I ask this question because I and the wife have had a nice run on shares and we will likely start paying Cap Gains on future trade profits this year.
But my children aren't using their cap gains allowance and these investments are for their fees in secondary and uni.
To maximise the use of their Cap Gains Allowance obviously I should set up an account for them, but can't as they are under 18 unless I set up a trust which is very expensive.
Then I thought if I had a reference on my trade referring to the child, that reference would qualify the trade to be considered as the child's trade for cap gains purposes.
Some Irish brokers allow for this reference but they are too expensive.
I ask this question because I and the wife have had a nice run on shares and we will likely start paying Cap Gains on future trade profits this year.
But my children aren't using their cap gains allowance and these investments are for their fees in secondary and uni.
To maximise the use of their Cap Gains Allowance obviously I should set up an account for them, but can't as they are under 18 unless I set up a trust which is very expensive.
Then I thought if I had a reference on my trade referring to the child, that reference would qualify the trade to be considered as the child's trade for cap gains purposes.
Some Irish brokers allow for this reference but they are too expensive.