Should be no problem. Contact a solicitor who will prepare a legal document.
Thanks for that are there any tax issues to think about
To follow up on Bronte's point.
It might be an idea to put the property in joint names. I know of someone who did just that and when circumstances changed, was very glad he had. The problem wasn't between father and daughter, it was between daughter and her husband. Basically when the couple split the husband claimed a half share, but because the father in law was joint owner he got nowhere.
If it's an interest free loan, then would the interest that would have been paid in normal circumstances (the gift component) not be taxable, provided it was above the annual threshold?
No. You would calculate the deemed benefit (in this case free use of property) using a reasonable approximation of call deposit rates (e.g. 0.5%). If it's a loan from the OP to his/her daughter, it would have to be more than €600,000 before a tax issue arises.
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