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Property bought with money obtained from selling ancestral property
19-May-2023 (In Property Law)
The new property brought from money selling ancestral property is still ancestral?can the new property brought be gifted or willed?
An ancestral property can be sold only after getting consent from all the successors or only upto one's share in the ancestral property. So if the property was sold without any such consent then the same can be objected to but if it has been sold with the consent of all the successors then the same can be gifted and willed as it no longer remains ancestral property.
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Adv. Samyak Raj
Delhi | 500+ Answers
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