TaxTMI 
TaxTMI 
Dear Experts,
My brother and I are joint owners of a residential house.
My brother wants to relinquish his hare in the property in my favour.
What are the procedures, Tax Implications and Registration of relinquishment deed formalities. ?
Relinqishment
17 Jun 2013 
1 Reply 
1150 Views Asked by
Relinquishment of property share: procedural, tax and registration guidance sought for transfer between joint owners who are relatives.
A joint owner proposes to relinquish his share in a residential house to his brother and requests guidance on drafting and executing a relinquishment deed, registration and stamping requirements, required documentation, and the tax implications of the transfer between relatives; the lone reply asks for clarification and offers no substantive advice. (AI Summary)
A joint owner proposes to relinquish his share in a residential house to his brother and requests guidance on drafting and executing a relinquishment deed, registration and stamping requirements, required documentation, and the tax implications of the transfer between relatives; the lone reply asks for clarification and offers no substantive advice. (AI Summary)