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    Rani42 Posts: 3, Reputation: 1
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    Dec 3, 2012, 09:57 PM
    Gift tax
    I own a flat in jointly with my brother. I live abroad and I don't need the property. I want to gift it to my brother.
    I live in Canada and my property is in hyderabad, AP, India.

    A) what are the tax implications for my brother and me. My brother lives in the flat.
    B) what paper should I submit and where to make the gift legal.
    C) how do I find the market value of the flat.

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