A deed of gift formally records the transfer of an asset without payment. Executing as a deed (with witness) creates a binding gift even without consideration. Important for IHT planning — gifts may be subject to the 7-year rule.

• Gifts of land must be in writing and registered at Land Registry
• Gifts within 7 years of death may be subject to IHT
• Deed clearly shows gift not a loan — protects on bankruptcy
• Donor must have capacity and not be under duress
• Consider gift reservations — donor must not retain benefit

Legal reference: Inheritance Tax Act 1984; Law of Property Act 1925; Insolvency Act 1986