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DEED OF GIFT

This is usually a transaction carried out between close relatives and where the owner of a property has agreed to give the property to another person by way of gift (i.e. no money changes hands). The property may not be subject to a mortgage. The person giving the property must be solvent and must not be giving the property away in order to avoid a Tax liability or to enable him to claim benefits, or so that he can avoid paying for residential care (this is not an exhaustive list). As Deed of Gift transactions can be complex we are only able to advise you further upon receiving full instructions as to your intentions.



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