Crosswords1 min ago
Children As Share Owners
4 Answers
Is it possible to buy shares for children, e.g. the Lloyds bank shares, and arrange to have the dividends paid as more shares.
With the idea that they will be kept as a long term investment until the 3 & 6 yr olds are 16 or 18.
With the idea that they will be kept as a long term investment until the 3 & 6 yr olds are 16 or 18.
Answers
A child under 18 cannot hold shares in their own name. You might find the following link helpful. ttps://www.t heaic.co.uk/ sites/defaul t/files/uplo ads/files/AI CChildrensFa ctsheet.pdf
17:49 Fri 20th Nov 2015
I can't see how a 'dividend in the form of shares' scheme could work as such a scheme would end up increasing the number of shares held by investors, thus potentially lowering the value of each share.
This might be interest to you:
http:// www.thi sismone y.co.uk /money/ investi ng/arti cle-158 7994/Ju nior-Is a-Child -Trust- Fund-Ho w-save- invest- childre n.html
This might be interest to you:
http://
anthing is possible baby but it depends on what the tax man says the tax position is ( not therefore if you can do it or not )
I thought the kids would automatically ( implied trust ) hold them as beneficiaries with the trustees ( imposed) on the parents
and from the tax position then the parents would be charged as tho it were their own
anyway here is contractor doctor's opinion - it looks as tho this idea has been floated before
http:// www.con tractor calcula tor.co. uk/cont ractor_ childre n_share s_compa ny_tax. aspx
and there is no tax advantage
accumulating shares rather than taking a divi attracts a tax charge innit ?
I always take the money myself so I am not sure
so my conclusion is
good idea but doesnt give you much advantage
I thought the kids would automatically ( implied trust ) hold them as beneficiaries with the trustees ( imposed) on the parents
and from the tax position then the parents would be charged as tho it were their own
anyway here is contractor doctor's opinion - it looks as tho this idea has been floated before
http://
and there is no tax advantage
accumulating shares rather than taking a divi attracts a tax charge innit ?
I always take the money myself so I am not sure
so my conclusion is
good idea but doesnt give you much advantage
As usual my first attempt did not work
https:/ /www.th eaic.co .uk/sit es/defa ult/fil es/uplo ads/fil es/AICC hildren sFactsh eet.pdf
https:/