P
Parsimonious
Guest
I want to start a School / Uni set of share investments for my children.
These investments will only be shares and (hopefully) will enjoy Dividends and Capital Gains.
My question is can each of my children (currently age 2 - 10) under their own name,
buy the share and
pay whatever Cap Gains or income tax is due on the gain / div on that share,
under their own tax identity.
EG with 4 chislers, the cap gains tax free limit is a lot more than just under my name.
Also what benefits do they lose if they register as a tax entity at such an early age.
Thank you for reading and big thanks to any responders.
These investments will only be shares and (hopefully) will enjoy Dividends and Capital Gains.
My question is can each of my children (currently age 2 - 10) under their own name,
buy the share and
pay whatever Cap Gains or income tax is due on the gain / div on that share,
under their own tax identity.
EG with 4 chislers, the cap gains tax free limit is a lot more than just under my name.
Also what benefits do they lose if they register as a tax entity at such an early age.
Thank you for reading and big thanks to any responders.