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Farm Business
Agricultural Matters
Tax, unearned income
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<blockquote data-quote="Bongodog" data-source="post: 8867596" data-attributes="member: 1343"><p>To my mind this would be a very dangerous path to tread, it looks like a way of reducing the parents tax bill which of course it is. I doubt any accountant would put their name to such a scheme.</p><p></p><p>As to childrens earnings, my daughter was left a property at the age of 4, its been rented out for the past 16 years, not held in a trust, accounts filed with HMRC each year no problem.</p></blockquote><p></p>
[QUOTE="Bongodog, post: 8867596, member: 1343"] To my mind this would be a very dangerous path to tread, it looks like a way of reducing the parents tax bill which of course it is. I doubt any accountant would put their name to such a scheme. As to childrens earnings, my daughter was left a property at the age of 4, its been rented out for the past 16 years, not held in a trust, accounts filed with HMRC each year no problem. [/QUOTE]
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Tax, unearned income
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