Who Can Give a Gift Legally? | Understanding Gift Laws & Tax Implications I Dr. Jinesh Soni Advocate

In general, any person can give a gift—whether money or property—to another individual or entity. The giver is called the donor, and the receiver is the donee. However, the legality and tax consequences of gifting depend on various conditions such as the relationship between the parties, value of the gift, and local laws (e.g., India, USA, UK).

A valid gift typically requires:

Voluntary transfer without force or fraud

Competent donor who owns the property

Existing property, not future promises

Acceptance by the donee

No consideration exchanged

Proper documentation, especially for immovable property

Tax rules also vary:

Gifts from specified relatives are usually tax-exempt

Gifts from non-relatives may be taxable if they exceed the legal threshold (e.g., ₹50,000 in India)

Gifts received on the occasion of marriage are generally fully exempt

Understanding these rules helps avoid future disputes and tax liabilities.

Contact Details:

👨‍⚖️ Name: Dr. Jinesh Soni – Advocate
📞 Mobile Number: 9772946899
📧 Email ID: [email protected]

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