There are no special rules for calculating the income of a child. As all individuals are taxable persons, regardless of their age, a child is entitled to their own personal tax reliefs and income tax rate bands.
Where a minor has a vested interest in income, part of which is accumulated, the whole income arising is treated as the minor's income for higher rate tax and the minor is assessable in person year by year as it arises1. But where income is accumulated under Trustee
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