| Question And Answer | |
|---|---|
| Subject: | regarding gift of self acquired property |
| Category: | Allied Law |
| Querist: | k.S.Nehra |
| Answered by: | Law Intern |
| Tags: | immovable property gifted to a relative |
| Date: | September 21, 2025 |
The maternal grand father acquired a commercial shop in 2010. he wants to gift this self acquired property to his grand son. can he do so, under what section.
Self-acquired property can be disposed off at the will of the owner, including by giving a gift. Sections 122 to 129 of the Transfer of Property Act deal with gifts. Immovable properties like the commercial shop will require a registered deed and also payment of stamp duty.
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