Property Exchange deed details Property Exchange deed details

5 years ago

My Father and my Uncle (My father's cousin sister husband) are exchanging property through Exchange deed. Can me and my brother be part of this Exchange deed. The property that comes to my father, can it be registered for three members (my father, my brother and me). Will there be any tax
implications for me and my brother in this regard. The properties exchanged are all most equal in value.

niranjan C

Responded 5 years ago

A.1. You and your brother can be part of the deed.

2. The property can be registered on 3 members that you mentioned.

3. Wrt. tax implications, pls share the documents to the lawyer and get opinion.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Kishan Dutt Kalaskar

Responded 5 years ago

View All Answers
A.You can be parties.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Johnson Thangiah

Responded 5 years ago

A.Sir,
The documents scrutinizing is necessary for question.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Nirmal Chopra

Responded 5 years ago

A.For correct opinion take opinion through Vidhikarya advocate by producing all relevant documents.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconProperty issues
Dear Client, Until and unless an undivided property is partitioned through a decree of partition passed by a Civil Court, a coparcener or legal heir cannot get his/her share in the said property, and...
question iconRenting out property
Dear Client, From the contents of the query, it appears that your mother-in-law does not possess any title or ownership of the property where she is now residing as a tenant paying the rent. So, in th...
question iconProperty acquire
Dear client, to acquire a co-owner undivided property as a third party the following are the requisites: 1. No Objection Certificate from the co-owners with respect to transfer of ownership i.e. title...
question icon1943 DOCUMENT NOT YET REGISTARTION IN MY NAME
Dear Client, When a property is left by a deceased owner without any will, all the surviving legal heirs and family members are entitled to an equal share in the said property. So, in the case of int...
question iconFamily Property
Dear Client, When a registered owner passes away leaving a property intestate, i.e, without any will, all the surviving family members and legal heirs are entitled to an equal share in the said proper...