we have opted for divorce by mutual consent.
we have 2 flats in our joint names. husband is the first holder and wife is the second name.
Husband has agreed to transfer 1st flat in wife's name and child's name.(the child is a minor, 5 yrs old)
Here wife who is second holder will now be first name and child will be second holder
what would be the correct process for the same? Gift deed or relinquishment deed?
where would stamp duty be more?
what would be the tax implications for the wife in the above case
