Trust or nominee shareholder for children school fees?

[JoBo]

Pls do you know if there is any way (turst - declaration of trust - shareholder nominee) that the income from shares adquired by children (granparents gift) could be thier own income for tax purposes?
The intention is to be able to at least a portion of school fees out of that income without granparents or parents being taxed. At teh end of the day, it is their own property, they are the beneficiaries and any income derived from that would be used exclusively for their own benefit.

Any advice would be more than welcome.
Jo

[maths]

If shares are held by grand-parents they can simply execute a declaration of trust in favour of the minor; the shares then belong to the minor including any income therefrom.

[toddyboy]

Somebody please advise whether purchasing or tranferring part or whole of a rental property in newborn grandsons name( what sort of trust required) works. The thought being that the rental income shetered by his personal allowances will pay for childcare and eventually school fees etc. What sort of trust involved and can the capital going to him be delayed till age 25? Funding the property purchase by grandfather.

[Lee Young]

Your best solution would be a discretionary trust which allows maximum flexibility.