How is huf property acquired amongst coparcaners on partition of huf property
Manoj
(Querist) 02 September 2011
This query is : Resolved
A, B, C, D, and E are HUF coparcaners, a registered deed of partition of HUF property was executed amongst 'A', 'B', 'C''D' and 'E'.
Now my query is whether the above mentioned coparcaners will acquire the property as Karta of their respective HUF or they will acquire it as self acquired property.
prabhakar singh
(Expert) 02 September 2011
As partition has legally taken place each one now holds as his self acquired property.
The new coparcenary will be formed 3 degree descending the line of holders if any or all of them go intestate in there respective families.
R.Ramachandran
(Expert) 02 September 2011
The character of the HUF property in the hands of the persons after partition will continue to be HUF property in which their children will have right by birth in the family.
Raj Kumar Makkad
(Expert) 02 September 2011
Here question is limited. The property received by way of HUF may be of ancestral character so separate HUF of each coparcener shall be formed and the partitioned properties shall acquire same status even thereafter.
Manoj
(Querist) 08 September 2011
thanks to all experts.
