Although I already have a property portfolio, circumstances now mean that purchasing property in my own name might pose a problem for me in accessing finance. I am trying to obtain information on how I might do this, and the impact on the ones involved. It would seem that I could have my daughter purchase with ease, and I wondered if using a bare trust enabled me to: (a) retain control of the property, (b) to be assessed for all taxes in my name, and (c) leave my daughter secure in the knowledge that her involvement would not have any negative implications. This is important as my son in law who suffers a serious illness could lose some benefits if his wife were deemed to have investments.
If anyone has any knowledge of this situation, or where I can obtain the answers, it would be appreciated.