gift of property

USAGE SUMMARY

The phrase "gift of property" is correct and usable in written English.
It can be used in legal, financial, or personal contexts when referring to the act of giving real estate or other assets as a gift. Example: "The couple decided to make a gift of property to their children to help them with their future."

✓ Grammatically correct

Legal

Finance

Personal

Human-verified examples from authoritative sources

Exact Expressions

7 human-written examples

Legacy, also called Bequest, in law, generally a gift of property by will or testament.

Encyclopedia Britannica

Yet another way to make a gift of property is to transfer title to the property to what is known as a charitable remainder trust, which then sells the property and provides the donors with a lifetime monthly payment.

The New York Times

Although commentators have recognized the analogy between the rights of a donee beneficiary and the rights of one receiving a gift of property, they fail to follow the analogy through to its necessary conclusion.

Harvard University

Fidei commissum, in Roman law and civil-law systems, a gift of property to a person (usually by will), imposing upon that person the obligation to transfer it to a specified ultimate recipient, the latter being a person legally incapable of taking the property directly or at least not in the amount designated.

Encyclopedia Britannica

These two sources allow the inference that, while the specific gift of property did not occur until 1463, Ficino and his cohort met at least once on Medici property in the hills outside Florence.

SEP

As abbot, his only appearance in historical records is his upholding of the monasteries' right to some property, and his acceptance of a gift of property in the town.

Wikipedia

Human-verified similar examples from authoritative sources

Similar Expressions

53 human-written examples

As with publicly traded securities, there are tax incentives for the donor to make gifts of property that has gone up in value, said Ralph E. Lerner, a lawyer with Sidley Austin Brown & Wood, in New York.

The New York Times

Making gifts of property that has appreciated in value, like stocks, can give taxpayers a double benefit.

Forbes

Examples of gifts of property include tickets to athletic events, rare books, artwork, computer hardware and software, and laboratory equipment.

Duke University

Gifts of property valued at $5,000 or more, other than publicly traded securities, requires an appraisal and the signature of the charity on the Form 8283.

Forbes

Along with GRATs, another popular estate planning technique is to engage in strategic sales (or gifts) of property to an IDGT.

Forbes

Expert writing Tips

Best practice

When documenting a "gift of property", be precise about the type of property (real estate, stocks, etc.) and ensure all legal requirements for transfer are met.

Common error

Avoid using "gift of property" when the transfer involves any form of compensation. A true gift is given without expectation of return; otherwise, it's a sale or exchange.

Linguistic Context

The phrase "gift of property" functions as a noun phrase, typically acting as the object or subject of a sentence. It describes the act of transferring ownership of an asset without requiring payment. As per Ludwig, this is a correct phrase.

Expression frequency: Uncommon

Frequent in

News & Media

30%

Academia

25%

Encyclopedias

20%

Less common in

Wiki

15%

Formal & Business

5%

Science

5%

Ludwig's WRAP-UP

The phrase "gift of property" accurately describes the act of transferring ownership of an asset without compensation. Ludwig confirms its grammatical correctness and usability. While relatively uncommon, its usage spans various contexts, from legal and financial discussions to personal matters. Key considerations when using this phrase include clearly defining the type of property involved and distinguishing it from sales or inheritances. Its neutral to formal register makes it suitable for professional and academic settings alike. The prevalence of the phrase in reputable sources such as The New York Times and Encyclopedia Britannica underscores its credibility.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

transfer of property as a gift

Specifies the action of transferring property with the intention of it being a gift.

property donation

Focuses on the act of donating property, often to a charitable cause.

bequest of property

Refers to property transferred through a will or testament.

devise of property

Property transferred through a will. Similar to 'bequest' but may include real property.

grant of land

Implies a formal or legal transfer of land ownership.

bestowal of property

Emphasizes the act of giving or conferring property.

conveyance of real estate

A legal term for transferring ownership of real property.

endowment of property

Setting aside property for a specific purpose or beneficiary.

assignment of property

Transfer of rights or interests in property to another party.

provision of property

Focuses on supplying or making property available.

FAQs

How to use "gift of property" in a sentence?

You can say, "The wealthy benefactor made a generous "gift of property" to the local university" or "The family decided to make a "gift of property" to their children to help them secure their future".

What's the difference between "gift of property" and "property donation"?

"Gift of property" is a general term for transferring ownership without compensation, while "property donation" often implies giving to a charitable organization for a tax deduction.

What can I say instead of "gift of property"?

Depending on the context, you could use alternatives like "property donation", "transfer of property as a gift", or "bequest of property".

What are the tax implications of a "gift of property"?

The donor may be subject to gift tax, and the recipient's basis in the property may be the same as the donor's. It's recommended to consult a tax professional for personalized advice.