Trust and deemed gift

Tax planning 256 views 4 replies

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)

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 


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