Gifting or will a property to foreigner
Mustafa Contractor
(Querist) 30 May 2023
This query is : Resolved
I am an Indian citizen married to Iranian woman and she is on stay (spouse) visa and we are living together since 2 years. We are preceding with OCI. I want to gift her 50% of my property or want to make a WILL in her name while she is on stay visa. Is it possible? If not, then is it possible once she recieves the OCI?
N.K.Assumi
(Expert) 02 June 2023
I agree with the views of the experts.
T. Kalaiselvan, Advocate
(Expert) 03 June 2023
A foreigner can acquire immovable property in India, therefore you can transfer 50% of your property to your foreigner wife