Hello Everyone
I am in a tricky question,please help.
If there is a partnership firm ABC with 2 partners X and Y.
If X buys properties in his name but due to not having much capital he buys the properties in the name of
"X partner ABC"
Now,this property is in the firm's books with X's name.
Now,X wants to gift this property to his son,Can he do it?
What are the legal options available.
Partner Y is ready for all the legal options.
The main criteria is :
a)To save stamp duty.
b)To save capital.
Please let me know all the available options of lease,gift,both the partners gifting or whatever legal option available.
Thanking you
Your help is appreciated.
Regards
V.K.
