How is minors' income taxed in Australia?

Certified Accountant and Registered Tax Agent Svitlana Voloshyna discussed tax rates for minors and how their income from investments such as stocks or mutual funds is taxed.

Svitlana Voloshyna, Australian tax agent Photo credit: Maria Vasileva Photography Credit: LIZ COMBES

Svitlana also talked about what taxes are withheld if a minor does not provide his TFN and what other tax features exist for minors.