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Consideration for purchase of House property.

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(Querist)
29 September 2020 I am selling my house property to A and B (Husband and Wife). Whether wife can be a Purchaser along with her husband without contributing any amount ( consideration) for purchase of the House Property.
From Legal and Tax angle how it will affect the Seller ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 September 2020 Yes, wife can be a Purchaser along with her husband without contributing any amount ( consideration) for purchase of the House Property.
It will fall under gift to relative no tax or legal issue and it will not affect the seller.
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vsraj

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vsraj (Querist)
29 September 2020 Thank you Sir for your opinion
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 September 2020 You are welcome.......
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