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Thanks for your question. I will try to help you. You say you are trying to protect the daughter that received cash from you? Is that correct? Who does she need protection from and what is the purpose of the legal document? Generally can you explain the situation a little more?
Do you have a will? If so then what you need to to is type out, date and sign a letter detailing the transactions to which you refer and the money given to your daughter during your lifetime and why she received it, ie, repayment of loan, part gift etc. It is really a form of “letter of wishes” which will be placed with your will so as to assist your executors in dealing with any IHT matters or challenges from other family members. There is no particular form as it does not really have to be a formal legal document. It is more in the form of a letter of explanation to clarify what was done in your lifetime and why.
Your first paragraph: all correct. Thereafter a gift with reservation is for example where you retain the benefit of living in a house which you have gifted away. You have not retained anything here unless I have misunderstood you? You have gifted some money and you have repaid a loan as well?
The letter of wishes should be more than sufficient to deal with why you did what you did and shy your will is drafted the way it is. As regards ***** ***** by way of reservation, I don’t think that the current rental situation should be affected. If they then buy a house with your money and you live there rent free I can see the force of that argument if the house is within the UK although If it is abroad and you are all living away from the UK you may become exempt from UK inheritance taxes completely.