Relinquishing property rights
2 years ago
and my younger brother are joint holders of inherited property. We don't want to sell. But settle share equally between us. I will sign relinquishing deed with consideration in favour . What are my options to receive consideration with minimum or no taxation in my hand.
Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
The sub-registrar of properties shall stamp and record the relinquishment or gift deed. In the name of the chosen legal heir, you can execute a relinquishment deed (also known as a release deed) or a gift deed. If you desire consideration, you must go to the selling document and specify the amount of money you want in exchange for your share.
Thank you very much.
The sub-registrar of properties shall stamp and record the relinquishment or gift deed. In the name of the chosen legal heir, you can execute a relinquishment deed (also known as a release deed) or a gift deed. If you desire consideration, you must go to the selling document and specify the amount of money you want in exchange for your share.
Thank you very much.
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A.Hi,
Relinquishment or gift deed should be stamped and registered with the sub-registrar of properties. You can execute a relinquishment deed (also known as release deed) or gift deed in favour of the desired legal heir. if you want consideration then you would have to have to take to the sale deed and mention the amount of money that you want for your share.
Thank you.
Relinquishment or gift deed should be stamped and registered with the sub-registrar of properties. You can execute a relinquishment deed (also known as release deed) or gift deed in favour of the desired legal heir. if you want consideration then you would have to have to take to the sale deed and mention the amount of money that you want for your share.
Thank you.
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