Greg has arranged with Westpac share registry to have his share dividend income paid into...

90.2K

Verified Solution

Question

Accounting

Greg has arranged with Westpac share registry to have his share dividend income paid into his student daughters (Alice) bank account to assist her financially. Does Greg declare the dividend income even though he did not receive it or does his daughter Alice declare it as she received and had control over the money?

State the legislation or rulings you are relying upon.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students