Understanding Tax for Children: A Guide for Parents and GuardiansTax for Children

Two children walking hand in hand outdoors, embodying innocence while C&D Advisory provides insights on children's taxation.

Taxing children’s savings accounts: Whose money is it? Back in the 1980s, people could reduce tax by havingtheir money in bank accounts belonging to their kids. In 1988, the Tax Office intervened for its position by issuing guidance. Thanks to a simple criterion and penal tax rates, parents cannotpass off their money as mere pocket […]