( LBT is 1.5%) A deed of gift is a valid type of transfer of property, provided that it is properly executed and that the abractor is the absolute legal owner and that there is no judicial injunction or competent authority to prevent this transfer. Such a deed of gift also records that the gift is correctly accepted by your father and that your father has taken possession of the property. A deed of gift takes effect only with the payment of the required stamp duty and after registration with the insurance sub-register. A deed of gift may be the subject of a judicial appeal because of its legality under the right of prescription and proof of its illegality. The deed of gift is a document that transfers ownership as a gift to another owner. .