what would happen if a property owned by a parent is transfered as a 'gift' to the son or daughter? How much is the gift tax and what difference does it make?
RE:Gift tax
by Amitabh Akolkar on Apr 18, 2007 08:39 PM Permalink
no tax on inherited property mate. you just have pay to register the property in your name. it doesn't have to be a gift.
