Shares in Childrens Name

[carmo]

Hi Can anyone direct me to where I can find out the rules about children owning shares in their name.

 

[Warren Buffet II]

Hi Can anyone direct me to where I can find out the rules about children owning shares in their name.

Hi Carmo,

Check this ATO page:

http://www.ato.gov.au/individuals/content.asp?doc=/content/11884.htm

WBII

 

[carmo]

Cheers, thanks for that WBII

 

[nioka]

Hi Can anyone direct me to where I can find out the rules about children owning shares in their name.

If it just for tax reasons, or lots of other reasons I guess, remember the children OWN them and they get to an age where they may USE them in a way you may not be happy with. Think carefully. I have had a family disaster because of this and it is not pleasant.