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Gifting a shared property by one owner to a friend
05-Mar-2023 (In Property Law)
If in a property shared by father n son (1:1) and son wants to gift his share to a close friend,is it possible? If yes , what's the right procedure
You can executive a gift deed for your share in said property in favor of your friend. However there are various important factors to be taken into consideration such as nature of property, use, source etc. Consult Lawyer as detailed comment cannot be given without going through documents.
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Adv. Gopal Prabhakar Nagre
Pune | 25+ Answers
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