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Gift Deed (Real Estate)

Gift Deed (Real Estate) Template for Ireland

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Key Requirements PROMPT example:

Gift Deed (Real Estate)

"I need a Gift Deed (Real Estate) to transfer my Dublin property to my daughter, with a condition that I retain the right to live there until January 2025, and the deed must comply with Irish law and include all necessary tax declarations."

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Document background
A Gift Deed (Real Estate) is essential when transferring property ownership in Ireland without receiving payment or other consideration in return. This document is commonly used in family wealth planning, inheritance arrangements, or charitable donations. It must comply with Irish property law and tax regulations, including the Land and Conveyancing Law Reform Act 2009 and Capital Acquisitions Tax legislation. The deed should clearly identify the property being transferred, contain explicit declaration of the gift, include necessary warranties about title, and meet all formal execution requirements. It's particularly important to consider tax implications, capacity issues, and family law protections when preparing this type of deed.
Suggested Sections

1. Parties: Identification of the Donor (person giving the property) and Donee (person receiving the property), including full names, addresses, and occupation

2. Background: Brief recital stating the Donor's ownership of the property and intention to make a gift

3. Definitions: Definitions of key terms used in the deed, including 'Property', 'Transfer Date', and other relevant terms

4. Gift Declaration: Clear statement of the Donor's intention to transfer the property as a gift and the Donee's acceptance

5. Property Details: Full legal description of the property being transferred, including folio number and boundaries

6. Title Warranties: Donor's warranties regarding ownership, right to transfer, and freedom from encumbrances

7. Transfer Declaration: Formal declaration of transfer of all rights, title, and interest in the property

8. Registration Consent: Consent to register the transfer with the Property Registration Authority

9. Execution: Formal execution clause and signature blocks for all parties

Optional Sections

1. Reservation of Rights: Used when the Donor wishes to retain certain rights over the property (e.g., right to reside)

2. Tax Declarations: Include when specific tax positions need to be documented or when claiming exemptions

3. Capacity Statement: Added when there might be questions about the Donor's capacity or when the Donor is elderly

4. Consideration Statement: Used to explicitly state that no consideration is being paid, particularly important for tax purposes

5. Future Management: Include when specific arrangements for property management post-transfer need to be documented

6. Existing Tenancies: Required when the property is subject to existing tenancies or occupancy rights

7. Family Law Declaration: Include when the property is or was a family home to address Family Home Protection Act requirements

Suggested Schedules

1. Schedule 1 - Property Description: Detailed legal description of the property, including maps, boundaries, and registered title details

2. Schedule 2 - Rights and Easements: List of any rights, easements, or restrictions affecting the property

3. Appendix A - Property Plans: Maps, plans, or drawings of the property (if applicable)

4. Appendix B - Supporting Documents: List of documents proving title, planning permissions, or other relevant certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Real Estate

Legal Services

Wealth Management

Private Banking

Property Development

Family Office Services

Financial Services

Professional Services

Estate Management

Relevant Teams

Legal

Real Estate

Property Management

Wealth Management

Tax Advisory

Compliance

Administrative Support

Document Management

Risk Management

Relevant Roles

Property Lawyer

Real Estate Attorney

Conveyancing Solicitor

Legal Counsel

Property Manager

Estate Planning Advisor

Tax Consultant

Wealth Manager

Property Rights Specialist

Legal Document Specialist

Compliance Officer

Real Estate Administrator

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