My dad has asked me to open a joint share dealing account with him, to help
him buy and sell shares, using only his money. I will receive no payment or
benefits from it.
My question is, will I be liable for its income or capital gains taxes, or
can I be exempt, since I am playing a purely administrative role? How do I
declare this to HMRC?
Thanks very much in advance.
- posted 3 years ago