hello, we are 2 brothers... Father is staying with me.. Me and father is joint owner of 1 flat.. and brother and his wife is joint owner of 2nd flat...But, after dispute, brother is asking for 50 % right in my flat.. father is alive...but after death of father, brother will demand 50 % right legally..as he is financially very sound... How can i take my flat in my own name ?? and avoid future problems /legal conciquences ??
Pls tell me procedure which is less costly ??? and what will be taxation (Income tax etc.) on said procedure ?? pls.