I bought a flat in 2001 on my own name to help my in-laws get a place to stay. My salary was the only one eligible for the loan at the time. My in-laws paid the EMIs and the loan is now fully repaid. They’ve been living in the flat since then. I want to transfer the ownership to them without any payment or tax implications for me. How can I go about this?

You can transfer the flat to your in-laws through a gift deed. The gift deed should be registered with the sub-registrar of assurances and should clearly state that the property is being transferred as a gift without any consideration. Since it is a gift between family members, it is likely to be exempt from stamp duty and capital gains tax. However, you should consult with a lawyer to ensure all legal formalities are followed correctly.