INCOME TAX7 Sept 2026
The best gift for your children isn't a house—it's optionality | Mint
A couple planned to give each child an apartment, assuming they'd want them. Years later, the children had moved abroad and didn't want the homes. The properties also grew at different rates, making fair division hard. Unlike real estate, a financial portfolio can be split, partly sold, or adjusted as needs change. A house offers stability, but not the flexibility money gives.
Key Statutory Highlights
- The couple bought two apartments, one for each child, but the children later moved abroad and didn't want them.
- The two apartments appreciated very differently over twenty years, making equal division difficult.
- A liquid financial portfolio can be split or partly sold, while a property cannot be sold in part.
Actionable Advice for Taxpayers / Founders:Before gifting property, ask your children about their future plans. If you want flexibility, consider passing on liquid assets like mutual funds, which can be divided and used as life changes.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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