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singh Singh (Consultant)     06 April 2016

Property gift to mother and resale

Hi,

1) Can I gift my home to mother or father. I had purchased this property more around 5 years back.
2) If yes. What is tax implication is she sells within 1 year of receiving this property. 
3) If she re-invest again in another property in this financial year. Still Tax has to paid.

regards.

Rambir



Learning

 1 Replies

saravanan s (legal advisor)     06 April 2016

yes you can gift the property either to your monm or father.susbsquently if she wants to sell it to a third person through a registered sale deed she needs to pay the required stamp duty and registration fee prevailing in your state


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