Your Query: What are the tax liabilities, if I have a 20 year old POA and now I am going to registered the property to my wife’s name.
Reply: For a firm reply to the query, the texts of the PoA and the proposed sale deed, have to be seen.
1. the PoA does not state that you paid any money/price for being given the PoA, and
2. Your wife, the buyer, is going to be shown in the proposed sale deed as now paying the price either directly to the original owner of the property or to yourself as the owner's PoA -
i. the original owner has Capital Gains tax liability;
ii. Your wife will have to explain her source for the amount you propose to show as the Sale Price.