Self acquired property

shyam lal (Querist) 26 September 2022 This query is : Resolved
Share in unmovable property mentioned in a WILL is considered as self acquired.
Query.. Does the same apply to Share holders in unmovable undivided property mentioned in MoU of family settlement.

Follow Query

Report Abuse

Quick Summary

This discussion clarifies the definition of self-acquired property, particularly in the context of family settlements. It questions whether a share in immovable property received through a Memorandum of Understanding (MoU) for a family settlement is treated the same as property inherited via a will. The consensus suggests that property obtained through a valid family settlement is indeed considered the self-acquired property of the recipient.

kavksatyanarayana (Expert) 26 September 2022
In an MOU settlement, if each person is given a share, it may be treated as his/her self-acquired property (movable).

Advocate Bhartesh goyal (Expert) 26 September 2022
Property obtained through vaid family settlement will be deemed self acquired property of sharer.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries