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harrywallace07 · Joined: 25 Aug 2009 Posts: 42 -0.10 Dollars($)

Can you use a gift deed to transfer real property to a corporation...?

savior70 · Posted: Mon Sep 07, 2009 7:01 am Post subject:

Hi,

It is quite possible to transfer a piece of real estate property to a corporation using a gift deed. However, there should not be any money transaction involved in it, because no money is exchanged when a property or something is gifted.

jonunderwood007 · Joined: 03 Sep 2009 Posts: 38 -0.40 Dollars($)

Yes, it happens regularly, such as where a land owner donates a property to charity through a non-profit corporation, or donation of property to a municipal corporate entity, or less often where the founder of a company donates property to capitalize a new corporation.

catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

Yes.

As you can gve your land to charity.
Same is concept with gift deed.

For the purposes of deeds, a limited liability corporation is treated the same as an ordinary corporation, and can be either the Grantor or the Grantee.

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