Messin (Consultant) 08 November 2012
My father wants to give me his house and land which he purchased in 1985, however my brother in law has raised objection to this. My father has already given him his due of share.
Now we are afraid our brother in law will create problems for us.
What is the best way my father can transfer the house to my name without any problem from my brother in law ?
Varun Desai (Advocate) 08 November 2012
Hello,
If property is self acquired by your father than he can transfer property through Gift deed and for this no one can object
STUDENT.... (.......) 08 November 2012
Yes, Gift Deed is the solution but your father has to pay 20% TAX on the said Properties...
However as you have mentioned that your father has given him his due of share then you can also make his Last Will or else he can transfer his property on your name by issuing a POA "Power Of Attorney",Property Transfer Deed on your Name under love and affection and Blood Relation...and he can also mention in his WILL or in POA, Property Transfer Deed that he has already given share to your brother in law with details so that he cannot flee from the truth and cannot even LIE...
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