My dad bought a flat three years ago, and the loan is in his name. We want to transfer ownership to me, including the loan. What’s the best way to do this? Are there any affordable options?
1 Answers
Best Answer
You can transfer the property and loan through a gift deed, which is a common and affordable option. However, gift tax might apply depending on the property value and your relationship with your father. Consult a lawyer to understand the legal processes and tax implications.
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