Sir,
There are five legal heir to a person who expired intestate. One of the heirs desires to relinquish her share in favour of others i.e. does not want any share in a particular property. Rest of the members divide this four storey building amongst them floorwise.
Now one brother wants to transfer/ sell/ relinquish his share in favour of other brother for Rs 20 Lacs.
What is the best process to do this without any taxes/ stamp duty etc. All heirs are close blood relation (Brother sisters & mother)
Is it necessary to divide all the properties in one go or family settlement can be done for this single four storey building?
Thanx
