Gifting property is this manner is gaining popularity. Often, individuals reach a certain age and start to consider not just their own futures, but those of the generations to come, too. Property is a significant asset, and for most people, it is their biggest asset. It is only natural that you want to use this asset to benefit your loved ones in some way. Typically, there are four motivating factors at play:
1. To keep assets in the family
2. To help children financially
3. To help ageing relatives
4. To reduce tax liabilities