Transfer of property defined.In the following sections transfer of property means an act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself, 1or to himself and one or more other living persons and to transfer property is to perform such act. 1In this section living person includes a company or association or body of individuals, whether incorporated or not, but nothing herein contained shall affect any law for the time being in force relating to transfer of property to or by companies, associations or bodies of individuals.