The low income tax offsets only apply to excepted income for...

  1. Headhunter
    287 Posts.
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    21/01/20
    12:52
    Post #: 42491730
    The low income tax offsets only apply to excepted income for people under 18 who are not excepted persons.

    income and gains from shares that are bought by parents for their kids are unlikely to be excepted income and therefore the tax on them will not be reduced by the low income tax offsets.

    https://www.ato.gov.au/individuals/investing/in-detail/children-and-under-18s/your-income-if-you-are-under-18-years-old/?page=4
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    lightbulb Created with Sketch.  Great analysis
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