Though it is not compulsory to execute a gift deed while gifting any asset, they are useful for making the gift-giver’s intentions clear to those who believe they have a claim to the property at hand. It acts as evidence of the transfer, potentially reducing the number of misunderstandings as to who owns the property. A gift includes any tangible property that can be transferred.

Use this Gift Deed if:

• You want to create a valid and documented record of the movement of goods or property. 

• You wish to legally transfer ownership from one party to another. 

What does this Gift Deed Cover?

• Records the gift of goods or property

• Follows terms and conditions such as ensuring the property has no existing claims

• Description of goods or property being transferred

• Transfers ownership and responsibility of the property

Further information:

• What is a Gift Deed?