Do the following fall within gift with reservation rules and be caught within the estate on dads death?
1. Father buys an investment property for his son. However, the father retains the rental income.
2. Father buys an investment property and this is owned jointly with his son. The father retains the full rental income.
It would seem to me that number 2 would not be classed as a GWR but number 1 potentially would be. Any thoughts please?