@therealem54: #goodmorning #islandking7 #kaydenceonthebeat #piano #fyp

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Mike 🏌‍♂️
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Monday 26 October 2026 16:48:51 GMT
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Is having an investment account in your child’s name really a non-negotiable requirement? 🔍 The debate around investing Child Benefit, and how the Small Gift Exemption interacts with modern investing platforms, has brought up a fundamental question in Irish tax: Where does substance end and form begin? A lot of commenters have called my position uneducated, unqualified, and inaccurate.  So let’s look at the actual facts, evidence, and legal precedents - specifically Determination 04TACD2024 from the Tax Appeals Commission. In tax law, what matters most is the balance of probability evidential hurdle - proving that what you’re saying is more likely to be true than not. Out of the six observations Revenue made regarding absent evidence in 04TACD2024: 📍 5 out of 6 would be satisfied under clear record-keeping and non-commingled funds. 📍 The only missing piece? Having the investment platform account strictly in the child’s name. But with low-cost modern platforms simply not supporting child accounts, parents are often forced into high-fee life company products just to tick a box. 💡 In accounting, we look at substance over form - the economic reality of a transaction.  If a parent can clearly demonstrate earmarked, unmixed, tax-exempt gifts invested on behalf of a child, shouldn't that evidence hold weight? Drop your thoughts below. And remember, there are no egos here, only a search for truth! 👇 📌 Save this post as a reference for your own tax and gifting considerations.
Is having an investment account in your child’s name really a non-negotiable requirement? 🔍 The debate around investing Child Benefit, and how the Small Gift Exemption interacts with modern investing platforms, has brought up a fundamental question in Irish tax: Where does substance end and form begin? A lot of commenters have called my position uneducated, unqualified, and inaccurate. So let’s look at the actual facts, evidence, and legal precedents - specifically Determination 04TACD2024 from the Tax Appeals Commission. In tax law, what matters most is the balance of probability evidential hurdle - proving that what you’re saying is more likely to be true than not. Out of the six observations Revenue made regarding absent evidence in 04TACD2024: 📍 5 out of 6 would be satisfied under clear record-keeping and non-commingled funds. 📍 The only missing piece? Having the investment platform account strictly in the child’s name. But with low-cost modern platforms simply not supporting child accounts, parents are often forced into high-fee life company products just to tick a box. 💡 In accounting, we look at substance over form - the economic reality of a transaction. If a parent can clearly demonstrate earmarked, unmixed, tax-exempt gifts invested on behalf of a child, shouldn't that evidence hold weight? Drop your thoughts below. And remember, there are no egos here, only a search for truth! 👇 📌 Save this post as a reference for your own tax and gifting considerations.

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