Thanks for your reply.
Well, you are able to change the ownership of your property so that you and your Daughters own a specified percentage each- this is done by signing a Land Registry Transfer document, transferring the property into your 3 names, and you each holding the property as what we call "tenants in common" in the percentages specified.
The Transfer is then registered at the Land Registry.
The tax implications for your Daughters are that as and when the property is eventually sold, any profit they make from the date they acquire their share (they are deemed to acquire their respective share at market value) and the date the proeprty is sold, is subject to Capital Gains tax.
There are some disadvantages in doing the transfer, to be honest, not least because you are married- if the Transfer goes ahead, you and your Daughters are the legal owners. If you were to pass first, there would be no guarantee that your Daughters would allow your Husband to remain living there, in that even if you leave your percentage to him, they could demand a sale. Likewise, if either of your Daughters were unfortunate enough to get divorced/dies prematurely/ made bankrupt, their respective share may pass to a third party.
I would therefore suggest that you sit down with a local Solicitor to discuss all the above, and you can then make an informed decision.
I hope this assists and sets out the legal position.