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Can gifted property be transferred through gift deed again ?
05-Nov-2023 (In Property Law)
Can a property obtained through gift deed be again transferred through gift deed.
Can gifted property be taken back from brother?
You cannot claim the gift. It is the property of your brother if the gift transaction between your father and your brother was completed in a legal manner. Anyone can give their property to anyone they like.
Can we take back gift deed?
According to Section 126 of the Transfer of Property Act (TPA), the gift may be revoked if certain conditions are met. Revocation is based on the following elements: The Gift Deed must be cancelled if both parties agree after the fact.
What is the Supreme Court Judgement on registered gift deed?
It is useless if the recipient dies before accepting the gift, as it is a bi-lateral transaction between two people. The acceptance of the gift is required before the donor dies or loses his/her ability to give gifts. In this Supreme Court judgement on the Gift Deed, it was stated that acceptance of gifts must be completed before the donor dies or loses his/her capacity to make gifts.
Can gifted property be taken back by parents?
The Indian High Court has ruled that parents have the right to take back their property. The nature of the gift and the applicable legal provisions, as well as the conditions and terms under which it was given, will determine whether parents can take back their property. 31-Oct-2022
Gifting inherited property is acceptable. If the gift deed is legally registered and verified, it can be sold again or given as a gift. To avoid future disputes, it is best to seek legal advice before making any decisions.
Helpful?
Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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