What is a gift deed?

A gift deed is an agreement used when a person wishes to gift his asset (property or money) to someone. It is the transfer of certain existing (not future) moveable or immoveable property made voluntarily and without any consideration from one person (called ‘donor’) to another (called ‘donee’).

Who can gift property?
What are the formalities for registering a gift deed?
Can gift once made be suspended or revoked?
What is the procedure to use such a deed?
WHAT is the law that governs gifts by one person to another?

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