Consideration for purchase of House property.
This query is : Resolved
29 September 2020
I am selling my house property to A and B (Husband and Wife). Whether wife can be a Purchaser along with her husband without contributing any amount ( consideration) for purchase of the House Property.
From Legal and Tax angle how it will affect the Seller ?
From Legal and Tax angle how it will affect the Seller ?
29 September 2020
Yes, wife can be a Purchaser along with her husband without contributing any amount ( consideration) for purchase of the House Property.
It will fall under gift to relative no tax or legal issue and it will not affect the seller.
It will fall under gift to relative no tax or legal issue and it will not affect the seller.
29 September 2020
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