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Parental problem

05 October 2006
Issue: 4078 / Categories: Forum & Feedback

My client and his wife lived in one property that they owned as their main residence. They subsequently bought a second property in 1994, but it was purchased in the name of one of their sons.
We have assumed that this was a gift rather than a bare trust. The second property was used for holidays. Their son occupied it as his main residence.

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