Maximize Tax Savings Harness the Power of Gift Deeds

A gift deed is a legal instrument for transferring moveable and immoveable property. The transfer of property by a gift deed is voluntary and without any ... If you receive real estate with a gift deed, you are responsible for the taxes and liens or judgements on the home. This includes maintenance of disrepair. GIFT DEED. DOCUMENTARY TRANSFER TAX $ ..Computed on the consideration or ... The donee must accept the property during the lifetime of the donor and while he is still capable of giving it. The gift can be affected through a gift deed ... Gift Deeds were created so somebody could give real estate or property to someone else, and it be valid and legal, with no consideration or ... The Gift Deed for property transfer is a vital document for an individual gifting an immovable property to a dear one without receiving any money in return. A gift deed is a document through which a donor gifts a movable or immovable asset to another person willingly. Gift deed must be registered. How To Make It Enforceable And Legally Valid? Firstly, get the property (to be gifted) valuated by an approved valuation expert. Secondly, assess the stamp duty ... Gift Deed allows conveyance of assets during the life time of an Individual Will allows conveyance of assets post the death of an Individual ... To document a gift deed, the donor should be competent. According to the law, a donor should not be a minor. On the contrary, the recipient can be a minor with ...