2.7 Gift
A gift transfers property without purchase consideration, subject to the required formalities.
A gift transfers property without purchase consideration, subject to the required formalities. The donor gives; the donee receives.
What you will learn
- Donor and donee
- Intention
- Transfer and acceptance
- Formalities
- Tax and restrictions
Core concepts at a glance
| Concept | Explanation |
|---|---|
| Donor and donee | The donor gives; the donee receives. |
| Intention | A genuine intention to give must be established. |
| Transfer and acceptance | The relevant transfer and acceptance requirements must be satisfied. |
| Formalities | Land gifts require appropriate instruments and registration where applicable. |
| Tax and restrictions | A gift is not automatically exempt from stamp duty or ownership restrictions. |
1. Donor and donee
The donor gives; the donee receives.
2. Intention
A genuine intention to give must be established.
3. Transfer and acceptance
The relevant transfer and acceptance requirements must be satisfied.
4. Formalities
Land gifts require appropriate instruments and registration where applicable.
5. Tax and restrictions
A gift is not automatically exempt from stamp duty or ownership restrictions.
Visual guide: Gift of property
A topic-specific diagram to help you connect the concepts, rather than memorise isolated keywords.
How to read this diagram
- Donor: Intends to give.
- Donee: Receives the gift.
- Formalities: Check required transfer steps.
- Consequences: Consider title and tax rules.
Apply it to a Singapore property scenario
An owner wishes to give a property to a relative without receiving payment.
How to approach it: Identify gift formalities and check applicable duties and ownership restrictions.
No purchase price means no transaction costs or legal requirements.
Remember: Gift transactions may still trigger legal and fiscal obligations.
Quick revision
- Donor and donee: The donor gives; the donee receives.
- Intention: A genuine intention to give must be established.
- Transfer and acceptance: The relevant transfer and acceptance requirements must be satisfied.
- Formalities: Land gifts require appropriate instruments and registration where applicable.
- Tax and restrictions: A gift is not automatically exempt from stamp duty or ownership restrictions.
Practice MCQs
Choose one answer per question, check your score and review the explanations.
Official resources
For current Singapore legislation and agency guidance, refer to Singapore Statutes Online, CEA. Check the requirements applicable to your examination sitting.