Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on [email protected] for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact [email protected]

Transferring shares to Niece/Nephew

  • 01-04-2019 3:39pm
    #1
    OmegaRed
    Registered Users Posts: 1,047 ✭✭✭


    My brothers child is due to be born in the coming days and as a present, I would like to buy shares for the baby and "transfer" them to the child in there name.

    Can I do this and if so what are the implications?

    I am planning on buying the shares on the day the child is born and then printing and signing the purchase contract on the same day stating I have transferred them to the child. This means I'll effectively have mad no profit on the purchase. I then presume, at a later point in time, I could then setup a brokerage account for the child and transfer said shares there.

    Has anyone does this before?

    Thanks

    OR


Advertisement