Which parent will pay the income tax on gains made from selling investment in minor child’s name after divorce?

When parents are married, it is the responsibility of the highest earning parent to pay income tax on gains or returns received on investments made in the name of the minor. However the situation changes when the parents are divorced, nonetheless income tax must be paid still. Read here to know which parent has to pay income tax on behalf of minor after the divorce.

from Tax-Wealth-Economic Times https://ift.tt/BjYJ2gw