What Are The Age Limits For Holding Shares?

[bigbas]

I am considering providing shares for my grandchildren aged 14 and 10 years old
There are shares for a well known supermarket where I am offered shares instead of cash

[davebro]

I think they need to be 18 to own shares. Maybe put them in a trust?

[ubasses]

There is nothing in law, as far as I remember, saying that under 18's can't own shares but it is not straightforward so most (if not all) large Companies have it written into their Constitutions banning it.

[Buenchico]

All explained here:
https://www.whitefieldtax.co.uk/can-a-child-own-shares-in-a-private-company/

[bigbas]

Thank you Bienchico

[Peter Pedant]

read the article
thanks BC

the question is not whether it is lawful for lyttel childer to own shares but is it a useful tax avoiding measure

and - no it isnt or else we would all do it - the kids would be provided for by Daddy and have large share holding portfolios

we dont

the tax is assumed by the trustee who pays - and so not surprisingly there is no tax advantage in doing this see above - - and this we kinda always knew

the trust as a tax avoiding measure in IHT has largely had its day
( Judge booga-looga in some tax case)

You have to pay for good taxx avoiding advice - and basically sell up and give the money to your kids and live for 7 y is the best.

[HaizeyDays]

My 3 year old has share in her Junior ISA. Has done since she was 6 months!