It was (& still seems to be for 2 of them) - the money came & goes back only to their AIB banks accounts, they needed my ID as well as theirs but only now giving us short shrift, 30 days to close a stock portfolio in the middle of a pandemic seems very unfair.I did not know such a thing was possible. I thought you had to be over 18 to hold and account
I know it's off topic (and no help to you) but do you have any information on the CGT allowances for minors. I thought that they didn't get CGT allowances for shares, although I can't remember where I read that and can't find it now. I'd like to open an account for my daughter but avoided it because of this.They can definitely be sold but some are seriously under water due to covid.
I don't think I can take over money as per banking rules and probably wouldn't want to as they have CGT allowance each that gets consumed.
Interactive Brokers has a family account structure. I know someone setting up same for son and daughter.Well is seems grumpy DEGIRO is back, they want rid of my 2 children. Has anyone spotted reasonable brokerage options for under 18s available to Irish residents?
Who draws up a bare trust document? Can you diy it?Just open an account in your own name and draw-up a bare trust documents to reflect the fact that it’s not your money