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Under 18 tax in a family trust

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Newbie

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Replies 1

Hi everyone,

 

I understand that if someone is under 18 and they earn money from a business they have expected income and pay with the regular tax rates but I would like to understand if this changes when the person is in a family trust?

 

Thank you.

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Most helpful response

Devotee

Replies 0

Family trust - assuming passive investment income - does not meet the criteria of excepted income, taxed as a minor.

 

 

 

 

1 REPLY 1

Most helpful response

Devotee

Replies 0

Family trust - assuming passive investment income - does not meet the criteria of excepted income, taxed as a minor.