How to demonstrate shares held in trust for minor under informal trust agreement?

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(Newbie)Newbie

13 July 2022

We want to invest in shares for our minor children held in trust for them under an informal trust arrangement.

If the online trading account does not allow us to have a designated account holder where it can explicitly state it is for the particular child, how can we demonstrate to the ATO the shares were actually held in trust for them to ensure we avoid CGT on transfer once the child is over 18 years old?

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