Tax Insider Tip: Using The Family Company To Support A Student Through University
Being a student can be expensive for mum and dad, as well as for the student. Most students need to find a way to supplement their maintenance loan, as this is often not sufficient even to cover their accommodation costs. Often the student will take on a part-time job, but many seek help from the bank of mum and dad!
Where there is a family company in the mix, this offers a vehicle for supporting the student through university.
In our popular Business Tax Insider newsletter, Sarah Bradford explores opportunities for using the family company to support a student through university.
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