My mother want to transfer her immovable property
Deepak kumar
(Querist) 01 October 2013
This query is : Resolved
sir,
My mother wants to transfer or gift the immoveble property which is currently her name.I have 2 siblings & both are married.
What is the easy & correct way to get the ownership of that property.
My sibling has no objection to transfer the property in my name.
Also i am unable to bear the heavy expanses for the property tranfer.
So kindly suggest me the cheepest & easiest way to get the ownership of the said property.
What will be the tax laibility in this senerio also would like to know.
Thanx in advance.
Deepak
ABDUL RAZIQUE
(Expert) 02 October 2013
Safe and secure way is registered the gift and your siblings will present as identifier and as witness. In the gift deed a normal expenses be stand.
Either your mother execute a WILL in favour of you.
Sri Vijayan.A
(Expert) 02 October 2013
Settlement deed is the right choice. You ask ur siblings to sign as witnesses.
Will is not advisable.
