Why Is a Gift Deed Different from a Sale and Purchase Deed?

The two deeds are often treated as the same, yet their tax and rights consequences differ greatly.

Key Points

• A sale deed transfers rights in exchange for payment, while a gift deed transfers them without payment.
• Tax treatment can differ depending on the type of deed and the relationship between the parties.
• A gift between family members may also affect other heirs, so it is best discussed openly first.
• Certificates and identities should be verified before either deed is prepared.

A short consultation helps you choose the deed that fits your situation.

Note: this article is dummy demo content and is not professional advice.