Gift of Property

To gift property you will need a Gift Deed, this allows the transfer of ownership without the exchange of money. Gift of Property is the transfer of property from one person to another (donor to grantor).

A gift can either be;

  • Lifetime gift (gift made and delivered in the donor’s lifetime)
  • Deathbed gift (future gift made in the expectation of the donor’s death)

Gifts above a certain value are taxable and the donor is generally responsible for paying the gift tax. Unsure which type of gift you should leave/ whether you should leave a gift at all/ want to leave a gift? Call Beacon Wealth Legal today for more information.

Gift of Property

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Contact your specialist for advice.

Gift of Property
Linda Eaton
Practice Director

Tel: 01480 219699