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can husband give the property to his wife for gift deed?
22-Aug-2023 (In Documentation Law)
can husband give the property to his wife for gift deed?
Dear Querist
Yes the husband can gift property to his wife. In case it is ancestral property devolving on husband and if he gifts to wife it will be conveyance of property and Stamp Duty is playable. Tranferee if woman will get rebate in the rate of duty.
In case the property is self acquired and/or in joint name with wife, Relinquishment Deed can be made. In case of Relinquishment no Stamp Duty shall be payable.
Regards
Yes the husband can gift property to his wife. In case it is ancestral property devolving on husband and if he gifts to wife it will be conveyance of property and Stamp Duty is playable. Tranferee if woman will get rebate in the rate of duty.
In case the property is self acquired and/or in joint name with wife, Relinquishment Deed can be made. In case of Relinquishment no Stamp Duty shall be payable.
Regards
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Adv. Ashima Puri
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Can I gift deed my ancestral property?
A gift deed can also be illegal. Hindu Law is very clear about the division of ancestral property amongst legal heirs. Please file a partition suit at the Civil Court to ensure proper division of ancestral properties.
Can ancestral property be gifted with consent of successors?
Can ancestral property be given away? If the property is owned by others, its not possible to gift it. The manager of a Hindu Undivided Families (HUF) can gift ancestral property if the following conditions are met: Legal necessity. 03-Nov-2022
Can father gift property to daughter without consent of son?
In this case, the father has the right, without a daughters objection, to make a Will. In 2005, the Hindu Succession Act of 1956 was amended to allow daughters to share equally in ancestral property. 20-Dec-2022
Can ancestral property be transferred to another person?
A property divided by co-owners can be sold to whomever the owner chooses. 26-Oct-2023
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