Pakistan - Property
Property Gift Deed
Legal document for gifting immovable property in Pakistan without monetary consideration.
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Instructions
How to execute a Property Gift Deed:
1. Gift (hiba) of immovable property must be in writing.
2. Clearly state the relationship and natural love and affection.
3. Property must be accurately described.
4. Both parties must be present at registration.
5. Stamp duty for gifts to close relatives is usually reduced.
6. Complete mutation (intiqal) after registration.
7. In Islamic law, certain conditions apply to hiba.
1. Gift (hiba) of immovable property must be in writing.
2. Clearly state the relationship and natural love and affection.
3. Property must be accurately described.
4. Both parties must be present at registration.
5. Stamp duty for gifts to close relatives is usually reduced.
6. Complete mutation (intiqal) after registration.
7. In Islamic law, certain conditions apply to hiba.
Frequently Asked Questions
Is stamp duty applicable on gift deeds?
Yes, but many provinces offer reduced rates for gifts to close blood relatives. Rates typically range from 1-2% for relatives.
Can a gift be revoked under Islamic law?
Generally, hiba can be revoked before delivery. Hiba bil iwaz (gift with consideration) and gifts to close relatives are harder to revoke.
What is the difference between hiba and wasiyyat?
Hiba is a gift during lifetime taking immediate effect. Wasiyyat is a will taking effect after death, limited to 1/3 of estate.
Do I need witnesses?
Yes, two male or one male and two female witnesses are required under Islamic law. Registration also requires witnesses.