Trust and deemed gift

A gentleman had a large property and is old. He wants to secure his property to non relatives either directly or indirectly. He has no known relatives and fears that unknown relatives may take his property after his death. 
how can he creat a trust in his life time without attracting deemed gift provisions. Can her gift his entire estate to a non relative without paying gift tax as now he Very old and recently undergone a major surgery. 

Replies (4)
Quick Summary
An elderly gentleman wishes to transfer his property to a non-relative to prevent unknown relatives from claiming it after his death. He is seeking advice on establishing a private trust under the Indian Trust Act during his lifetime without triggering deemed gift tax provisions. The discussion also touches upon the process of transferring property into the trust and the need for expert consultation.

Pl reply soon. In case there is a tax expert kindly contact me. 8948288888. I need a good consultant. 

He can create Private Trust under Indian Trust Act

How will he transfer his property into it. 

Can you give telephonic consultation 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details