Please give 2 options if possible
My mother is - 80 % holder of the flat My wife is - 10 % holder " My brother's wife is - 10 % holder " we are planning to sell this flat and buy 2 flats It is more preferable and would like to get the share of my mother transfered 50 : 50 in both my wife and my brothers wife's name before we sell the flat.
1) how can this be done without paying any tax or due's to the govt. As once she gives her share of 40 % each to both of them, then both my wife and brothers wife can take flat in their name.
2) can she give her share as gift and attract no tax or any due's to the govt.
3) The other issue is - with her money received after sale of the flat, from her 80 % share she can only buy one flat (or can she buy 2 flats, meaning she invest half of her share i.e. 40 % as joint owner with my wife and other 40 % as joint owner with my brothers wife)
