Gift Deed to Daughter and Ex Wife after Divorce
3 months ago
I have a flat on my name. Can i gift deed the flat to both my daughter and ex wife . If yes then what will the affect on registration charges and stamp duty because as per my information gift deed to blood relation has no charges
A.Dear Client,
Yes, you can gift your flat to both your daughter and ex-wife through a gift deed. In many jurisdictions, transferring property to blood relatives through a gift deed is often subject to concessional rates or even exempt from stamp duty and registration charges. However, it's crucial to verify the specific regulations in your locality, as these can vary. You may want to consult with a local property lawyer to ensure you have the most accurate information about any potential charges, exemptions, or conditions related to gifting property to family members. They can guide you through the legal process, including preparing and executing the gift deed, and provide insights into any associated costs or exemptions based on your local jurisdiction's laws.
Thankyou
Yes, you can gift your flat to both your daughter and ex-wife through a gift deed. In many jurisdictions, transferring property to blood relatives through a gift deed is often subject to concessional rates or even exempt from stamp duty and registration charges. However, it's crucial to verify the specific regulations in your locality, as these can vary. You may want to consult with a local property lawyer to ensure you have the most accurate information about any potential charges, exemptions, or conditions related to gifting property to family members. They can guide you through the legal process, including preparing and executing the gift deed, and provide insights into any associated costs or exemptions based on your local jurisdiction's laws.
Thankyou
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