Yes, they can borrow legally – but they will find it hard to find a lender willing to lend. Banks and other lenders will not lend to someone under...
If someone dies their minor children might go and live with someone – who might be a surviving parent, or a legal guardian or someone with no...
Children are generally considered to be legally disabled until they reach the age of 18. As such they cannot be trustees for others (or...
People don’t like to think of this, but when preparing your will you would need to consider that your children or child could die before you. If...
Children under 18 pay high rates of tax on unearned income. Their tax rate is generally a flat 45% if they earn more than $1,307 per year (as of...
Tax Tip 310: Can the Main Residence Exemption apply if You don’t Live in the property but your kids do? The taxpayer will need to live in the...
Hi For QLD, is there any advantage for me as a landlord to include grown up children on the lease rather than have them as approved occupants?...
I don't know where to start or what questions to ask, so please bear with me. Where do I start with the following with the end result to benefit...
A child maintenance trust (CMT) is a trust set up as part of a breakdown in a relationship. The trust is set up to benefit the children of the...
Minor children have different tax rates to adults for income that is passive – such as investment income or income received from a trust. Minor...
Hey all, Was looking into this investing on behalf of a child thing. My understanding is that children under 18 pay very high tax rates hence you...
As per the title, looking for ideas to buy presents for kids who already have everything! I really wish we can just forget this idea. Blame the...
Hey all, Posting here due to lack of knowledge and experience. Have you had full time care of your grandchild, or even adopted ? Would you do it...
Hi all, I have 2 children in early years of high school. So they have about 8-10 years before they start work. I am considering helping them in...
has anyone done this? How old can they be - 16 or 18? It is simple? I'd like to give a unit to each child then get them to pay me rent (I've seen...
My parents just received a development proposal letter from the council. The owners of the currently tenanted 3 bedroom house next door plan to...
Hi all, Just wondering has anyone invested in shares for their kids? My son is only 3 yo but already have a savings account with money given by...
Some people purchase a property and let one of their children (under 18 year old) live in it. They may do this so the child can be nearby school...
Article from Realestate.com.au : How hard is it to rent if you have kids? - realestate.com.au Does anyone here who is / has rented ever had...
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