Dear ALL, I & my wife are joint owners of the we live. 1.Can I / WE gift / settle by way of , " a settlement deed " 25% of our share each to ny son & daughter. 2 If so what will be the stamp Paper value for the this settlement deed
VIJAYNARAYAN (FREELANCE EDU CONSULTANT) 22 November 2015
Dear ALL, I & my wife are joint owners of the we live. 1.Can I / WE gift / settle by way of , " a settlement deed " 25% of our share each to ny son & daughter. 2 If so what will be the stamp Paper value for the this settlement deed
Subash M R (Advocate) 23 November 2015
You can jointly transfer by way of gift deed in favour of your son and daughter directly,if they are not minors,if they are minors,you should represent them on the basis of father/mother/natural guardian.The value of stamp duty will be nominal since it is amongst blood relatives.
Thanking you,
VIJAYNARAYAN (FREELANCE EDU CONSULTANT) 24 November 2015
Dear Mr.Subash
thank you v much . have a nice n happy day
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