My wife just lost her father and she co-owns a house where she and her mother are co-owners at 50% share.
My wife's mother wishes to transfer her share to my wife immediately.
May I request you for your valuable advice as how to proceed and avoid any taxes in the transfer etc ?
Should the mother Gift it or Release her share...please advise.
I shall be extremely grateful.
Regards
Inder
CAclubindia
