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Gift (law)

Index Gift (law)

A gift, in the law of property, is the voluntary transfer of property from one person (the donor or grantor) to another (the donee or grantee) without full valuable consideration. [1]

13 relations: Consideration, Deed, Donor, England, Equitable interest, Gift, Gift tax, Inheritance tax, Key (lock), Law, Property, Re Cole, Real property.

Consideration

Consideration is a concept of English common law and is a necessity for simple contracts but not for special contracts (contracts by deed).

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Deed

A deed (anciently "an evidence") is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed.

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Donor

A donor in general is a person, organization or government who donates something voluntarily.

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England

England is a country that is part of the United Kingdom.

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Equitable interest

An equitable interest is an "interest held by virtue of an equitable title (a title that indicates a beneficial interest in property and that gives the holder the right to acquire formal legal title) or claimed on equitable grounds, such as the interest held by a trust beneficiary." The equitable interest is a right in equity that may be protected by an equitable remedy.

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Gift

A gift or a present is an item given to someone without the expectation of payment or return.

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Gift tax

In economics, a gift tax is the tax on money or property that one living person gives to another.

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Inheritance tax

A tax paid by a person who inherits money or property or a levy on the estate (money and property) of a person who has died.

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Key (lock)

A key is a device that is used to operate a lock (such as to lock or unlock it).

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Law

Law is a system of rules that are created and enforced through social or governmental institutions to regulate behavior.

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Property

Property, in the abstract, is what belongs to or with something, whether as an attribute or as a component of said thing.

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Re Cole

Re Cole (1 Ch 175, CA) also known as ex p. Trustee v Cole is a case in English property law dealing with the transfer of gifts.

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Real property

In English common law, real property, real estate, realty, or immovable property is land which is the property of some person and all structures (also called improvements or fixtures) integrated with or affixed to the land, including crops, buildings, machinery, wells, dams, ponds, mines, canals, and roads, among other things.

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Redirects here:

Causa mortis, Contemplation of death, Donatio Mortis Causa, Donatio mortis causa, Donation Mortis Causa, Donationes mortis causae, Donative intent, Gift causa mortis, Gift in contemplation of death, Gift inter Vivos, Gift inter vivos, Gift law, Transfer in contemplation of death.

References

[1] https://en.wikipedia.org/wiki/Gift_(law)

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