Sale of property of a trust by that trust to another trust

PrnBCRBant (Querist) 16 November 2017 This query is : Resolved
1) whether a trust which owns immovable property can sell it to another trust. if yes, what procedure has to be followed ? Note : The trust & the property is situated in Karnataka State.
2) is there any exemption in Stamp Duty and Regn. fees while transferring the property?
3) whether gift deed can be executed in favour of the other Trust with min. of stamp duty?

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Rajendra K Goyal (Expert) 16 November 2017
Both trust deed need to be referred.

Discuss with local lawyer dealing in trust matters.

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