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Gift Deed

A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift. It is the transfer of certain existing moveable or immoveable property by one person to another and WITHOUT CONSIDERATION THAT IS, ‘PAYMENT’ OR A ‘PRICE’ and is made in return for love and affection. The person transferring the property is called the donor. The person to whom the property is transferred is referred to as the donee. The donee must accept the property during the lifetime of the donor and while he is still capable of giving . In case the donee dies before acceptance , the gift is void. The gift can be effected through a gift deed.


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