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My child is a baby, just over a year old. Thank you
TaxTimsays: 17 August 2015 at 18:21
Then the interest and capital gains will be included on your tax return unfortunately.
Mosays: 17 August 2015 at 18:53
Until what age would this advice be applicable?
TaxTimsays: 17 August 2015 at 19:51
This will be until your child turns 18 as you had in fact donated the money to them. However you are allowed a R100 000 tax free donation per year in total so if you keep under this then the amounts won't accrue to you.
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