8 ways of transferring property: Find out which suits you most
Synopsis
The modes of transfer can be divided into two types: (A) Those where the instrument of transfer needs to be stamped ad valorem and is mandatory to be registered and (B) Those where registration is optional and shall happen only on occurrence of an event.
As a person's immovable property is normally of high value, transfer of the asset should be chosen carefully because the method of transfer can have significant legal and tax implications. Following are various ways of transferring immovable property and the respective pros and cons of each method. The modes of transfer can be divided into two types: (A) Those where the instrument of transfer needs to be stamped ad valorem and is mandatory to
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