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A mother gifted a property to her son. A loan in both the son & his wife’s name was used to pay for a portion of the property value and the remainder was a gift. The property was transferred into joint names (at request of bank) within 3 years. Does this mean half of original gift was from the mother to her daughter in law under s.8? Thanks

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Asked on 21 March 2018 10:25 am
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