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Reply: 1.1.1.1.1.1.1.1 From: Dale Gatherum-Goss Hi Paul! Accumulated investment income that can be traced as actually belonging to the child falls under different rules for "excepted assessable income" This means that if the child receives a gift each year of some shares and those shares do...

Reply: 1.1.1.2.1 From: Dale Gatherum-Goss Hi The first $643 of Unearned income is tax free, thereafter, there are penalty rates of tax. However, if the minor earns that income (such as wearing a costume and mopping the floor for an ad) then the income is earned and as such, the first $6,000...

Reply: 1.1.1.1.1.1 From: Dale Gatherum-Goss Hey Jas! Yes, it is $6,000 per child. Neat, huh? Yes, cleaning is a good example, as is lawn mowing of the IP's. Dale

Reply: 1.1.1.1 From: Dale Gatherum-Goss Hi Jas! Kids can earn up to $6,000 pa tax free providing they actually earn the money and don't just get given it. Again, this is an area that the tax office will attack so it is important to be able to prove that the children do work for which they...

Reply: 1.1 From: Dale Gatherum-Goss Hi The tax office do not particularly like any form of income splitting. However, it is something that they will not dispute providing the amounts are "commercially realistic" and the spouse is actually doing the work that they are paid for. I would...