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Shares for children in the uk?

I am a US citizen but have 6 British grandchildren in London. I had some US stock accounts for them but was forced to close them down due to some new anti-terrorism legislation here requiring foreigners to get tax id's---which I tried 3 times to do in the last 16 months without success.

Can British children own stock in British companies---say shares of BP? If not, any ideas about some sort of trust/isa for children---ages 0 to 15?

Thanks, Phil

Reply to
Phil Childress
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They cannot hold stocks in their own name until they are 18. Parents or grandparents or others can hold shares on their behalf in a "bare trust". See

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for an example.

Reply to
Terry Harper

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