No.
You cannot buy a stock and hold it for someone else.
If it remains under your name it is your tax obligation
You can buy the stock for her and then through a broker do an off market transfer to her...but this will cost maybe $50 extra appx.
She can go on the comsec site ( maybe others) and somewhere there it will let her place an order ( maybe by phone) without opening an account ...but probably only once or twice...and this will probably cost a little extra.
can i buy a stock for my sister and..., page-2
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Last
78.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $156.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 573 | 3 |
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