Hello , my father 75 yr old, wants to sell half of the house in which they are dwelling, to my husband. i want to know what all rules are applicable in this deal.is it possible? . also will my husband get any tax benefits from this deal if he loans the amount from a bank?
Asked on 6/20/14, 1:41 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
20.06.2014
Dear Madam,
The best way is for your father should register a Gift Deed for the portion of the house that he intends to transfer to your husband.
Regards,
Answered on 6/20/14, 3:05 am
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