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Gift Deed from brother to deceased brother's wife
10-Jan-2023 (In Family Law)
Hello,nThere were 3 brother A, B and C, all in joint family. An agriculture plot was purchased between them. The Plot is in the name of A and B. One of the brother C expired in accident. Brother B has agreed to transfer his share of property in name of C's wife as a gesture and in gift. Will the gift deed be treated as a close family due to deceased brother and hership claims in name of C's wife. What would be the tsamp duty in Pune, Maharashtra for this ?
with reference to your query please take note that gift deed executed between brother in law to sister in law will not be considered as a gift between blood relatives and hence the Stamp duty needs to be paid on the same as per the conveyance rates. you cannot claim exemption on the gift deed.
Regards
Regards
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Adv. Neelkanth Goswami
Thane | 200+ Answers
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The gift deed is an instrument through which the immovable or movable property owner transfers his/her property to another person without consideration as a gift. The person gifting his/her property is called the donor, and the person accepting the gift is the donee.
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Adv. Ashwini Deshmukh Salunkhe
Thane | 200+ Answers
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Rohit Agarwal
It is not in between brother in law and sister in law....it would be between brother and brother's wife
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