Father executes a gift to his step-son of his residential house and also the house which he was likely…
A gift of future (non-existent) property is void under s.124 TPA, so the correct position is "Gift is void to the extent of house to be built in future", while the existing…
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Father executes a gift to his step-son of his residential house and also the house which he was likely to build from his business income. Which of the following is correct in the above context:—
Answer and explanation
Correct answer B
A gift of future (non-existent) property is void under s.124 TPA, so the correct position is "Gift is void to the extent of house to be built in future", while the existing residential house is validly gifted; it is wrong that "Gift in its entirety is impermissible" or that "Gift of residential house to step-son is void".
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