Gifting assets to your children: Here’s how tax applies
It’s common for parents to give cash, cars, and even shares and property to their children. But how tax is applied — and who it’s applied to — differs across the board.
It’s common for parents to give cash, cars, and even shares and property to their children. But how tax is applied — and who it’s applied to — differs across the board.
The Stage 3 tax cuts have finally come into effect. We explore a few alternatives to spending the money that might benefit you in the long run.
If you’re looking to invest for your child, you should know there can be major drawbacks to doing so in their name.