thank you for your advice. sometimes when you make a gift, to avoid reservation of benefit you must pay rent etc. Can you help describe a few practical considerations that will be necessary to prevent reservation of benefit on a gift when the beneficiary remains living with the donor? Paying any of my father's living expenses may fall into this category, I suppose?
I indeed intended to explain that my fathers house would be sold, and that after we had purchased a bungalow in 3 shares living together, he might make a gift to each of his sons. Is capital and income, than, not an issue for reservation of benefit? IHT trusts seem to suggest this, from what i know of them.