LawRato

Gift Deed procedure from husband to wife - 50% ownership rights!


03-Oct-2023 (In Property Law)
I am in dubai want to make a gift deed where my wife can make me a 50% owner in her 2Br apartment - what are the charges and procedure - do i have to be present or i can do that sitting here - i guess registration is required so just want to know the charges for the same.
Answers (1)

Answer #1
583 votes
This is my response to you:
1. Your wife will need to execute a Deed of relinquishment;
2. She will have to relinquish her 50% rights on the property;
3. You will need to pay stamp duty at 3% as per the Bombay Stamp Act;
4. You will also need to register it, registration is compulsory;
5. Consult a local lawyer, who can begin the process.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."