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children buying shares in family company

is it possible for a minor to purchase shares in a family company and receive dividends

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Is it possible for minors to buy shares in a family company and receive dividends without the dividends being taxable on the parents?

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By johngroganjga
23rd Sep 2019 09:39

If the purchase was made with money gifted by the parents it would, I am sure, be a parental disposition and the income would therefore be taxable upon the parents.

What would happen to the dividends when they were paid?

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By Clinton Lee
23rd Sep 2019 13:58

In addition to the question about source of funds, I have another: How are they establishing fair market value for the shares?

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