Legal Question in Real Estate Law in India

Can a sole owner of an immovable property create a trustee comprising of himself only ?


Asked on 7/16/16, 12:23 am

1 Answer from Attorneys

1) A trustee manages property that is held in trust. A trust is an arrangement in which one person holds the property of another for the benefit of a third party, called the beneficiary. The beneficiary is usually the owner of the property or a person designated as the beneficiary by the owner of the property.

2) He cannot create trust for himself to take tax benefits. Consult a CA/CS who can explain u better.

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Answered on 7/16/16, 3:07 am


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