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Free Deed of Gift of property.

I am Joint Tenant with my mother in a private residential property.

There is no mortgage outstanding anymore, and no CPF of anybody was ever used it in its purchase, so there is no CPF charge. I am not under any bankruptcy proceeding.

I wish to gift my share to my mother via a Deed of Gift.

Mine is a very simple situation and I want to do it myself without engaging a lawyer. I have the time to DIY. Or at the most pay small sums where lawyers are absolutely required, like Statutory Declarations etc.

Kindly advise if this possible.

Thanks!
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4 Answers

Aaron Chong
Replied
Hi,

You would still be required to go thru a law firm for that purpose.

Regards
Aaron
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  • Yee Teck Teo
    Replied
    That's useful. What do they do that I absolutely cannot do myself?
Geryl Lim
Replied
Hi Yee Teck,

While some documentation processes may not be difficult, it does not mean that it can be carried by anyone. Just like agents are not authorised to enforce order on tenancy agreement violations. For such a gift of property, you will still be required to engage the services of a conveyancing lawyer to carry out the due process, and also briefed accordingly on the effects and consequences that may arise from this gift. Read More
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Able S.K Toh
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My Answer with regards to your Question:

It require assistance with specific legal requirements, consider consulting with a lawyer for guidance or review

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Ivan Ng
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Hi Mr. Teo,

It is possible to DIY, but it still encouraged to go through the process with a law firm which has the experience of such transfer via gift transactions to guide you through the whole process. After all this is a multi million property transfer that I presume you would want all gaps covered to fully meet your objectives. Below link content seems relevant to your scenario

https://singaporelegaladvice.com/law-articles/transfer-of-property-in-singapore/

Quoted from website

" General procedure to give away property that is NOT subject to a mortgage or CPF charge
Enter into a Deed of Gift with the person you wish to give the property to
Stamp and pay the duty of the Deed of Gift for the market value of the property that is to be given.
Prepare the transfer instrument and file it at the Singapore Land Authority with the relevant title document.
Lodge a Notice of Transfer with the Comptroller of Property Tax and MCST Board. "

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

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  • Yee Teck Teo
    Replied
    Have found a firm that will charge only $2.5k which is a reasonable amount for this service so I shall engage them.

    Thank you everyone.
  • Yee Teck Teo
    Replied
    Thank you. I will call SLA to find out more.

    My case is really simple, zero mortgage, zero CPF.

    Getting quoted $6-7k by law firms for a job a trained monkey can do was disgusting.

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