Deed of Donation

Description

A donation is a mode of transferring title over a property to another person or entity gratis et amore. The consideration in a contract of donation is the liberality of the donor. The law imposes a donor’s tax on the giver of the gift which has to be paid before the title is transferred to the donee. A donation may be absolute or conditional as when the donor imposes certain conditions to be complied with for the use and enjoyment of the property donated. A donation has to be accepted by the donee.