Ƶ

Gift Agreement Between Individuals for Hong Kong

Gift Agreement Between Individuals Template for Hong Kong

A Gift Agreement Between Individuals is a formal legal document used in Hong Kong to document and effectuate the voluntary transfer of assets or property from one individual (the donor) to another (the recipient) without consideration. This agreement, governed by Hong Kong law, includes essential elements such as clear identification of the parties, detailed description of the gift, explicit declaration of the donor's intention, and terms of delivery and acceptance. The document ensures compliance with Hong Kong's legal requirements while providing clear evidence of the gift transfer, which can be crucial for future reference, tax purposes, and estate planning.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Gift Agreement Between Individuals

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Gift Agreement Between Individuals?

The Gift Agreement Between Individuals is a crucial legal instrument in Hong Kong's common law system, designed to formalize and document gratuitous transfers between private individuals. This document becomes particularly important when dealing with valuable assets, family heirlooms, or property where clear documentation of ownership transfer is essential. The agreement helps prevent future disputes, provides clarity for tax purposes, and creates a clear record of the donor's intentions. It includes comprehensive details about the gift, conditions (if any), and the mechanism of transfer, while ensuring compliance with Hong Kong's legal requirements, including the Law of Property Ordinance and relevant stamp duty regulations. This type of agreement is commonly used in family wealth planning, inheritance arrangements, and general personal asset transfers.

What sections should be included in a Gift Agreement Between Individuals?

1. Parties: Identification of the donor and recipient(s), including full legal names, addresses, and HKID numbers

2. Background: Context of the gift-giving, relationship between parties, and purpose of the agreement

3. Definitions: Definitions of key terms used in the agreement

4. Description of Gift: Detailed description of the gift(s) being transferred, including any identifying characteristics or values

5. Declaration of Gift: Clear statement of the donor's intention to make the gift and transfer ownership immediately and irrevocably

6. Delivery and Acceptance: Terms specifying how and when the gift will be delivered, and confirmation of the recipient's acceptance

7. Representations and Warranties: Donor's confirmation of ownership and right to give the gift, and that the gift is free from encumbrances

8. Tax Obligations: Statement regarding responsibility for any applicable taxes or duties

9. Governing Law: Specification that Hong Kong law governs the agreement

10. Execution: Signature blocks for all parties and witnesses

What sections are optional to include in a Gift Agreement Between Individuals?

1. Conditions: Include when the gift is subject to specific conditions or requirements that must be met by the recipient

2. Reverter Clause: Include when there are circumstances under which the gift should revert to the donor

3. Multiple Recipients: Include when the gift is to be shared among multiple recipients, specifying the division of interests

4. Maintenance and Costs: Include when there are ongoing costs associated with the gift that need to be addressed

5. Family Law Declaration: Include when the gift needs to be explicitly excluded from matrimonial assets

6. Cultural or Sentimental Value: Include when the gift has special cultural or family significance that should be acknowledged

7. Future Rights: Include when there are specific rights (such as visitation for family heirlooms) to be reserved

What schedules should be included in a Gift Agreement Between Individuals?

1. Schedule 1 - Description of Gift: Detailed inventory and description of the gift(s), including photographs, valuations, or certificates where applicable

2. Schedule 2 - Delivery Protocol: Specific procedures for the delivery or transfer of the gift, particularly for valuable or delicate items

3. Schedule 3 - Condition Report: Current condition of the gift, particularly relevant for valuable items or artwork

4. Appendix A - Valuation Certificates: Professional valuations or authenticity certificates where applicable

5. Appendix B - Photographic Evidence: Photographs documenting the condition and characteristics of the gift

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions






















Clauses




















Relevant Industries

Private Wealth Management

Legal Services

Tax Advisory

Real Estate

Art and Collectibles

Family Office Services

Estate Planning

Financial Services

Luxury Goods

Private Banking

Relevant Teams

Legal

Private Client Services

Wealth Management

Estate Planning

Tax Advisory

Succession Planning

Document Management

Private Banking

Family Office

Relevant Roles

Private Wealth Manager

Estate Planning Lawyer

Tax Consultant

Family Law Attorney

Probate Specialist

Trust Officer

Private Client Advisor

Asset Manager

Family Office Manager

Legal Counsel

Notary Public

Property Lawyer

Wealth Planning Advisor

Succession Planning Specialist

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Car Accident Settlement Letter Without (Insurance)

A Hong Kong-compliant settlement agreement between private parties involved in a car accident, documenting compensation terms and liability release without insurance involvement.

find out more

Acknowledgement Receipt Of Motor Vehicle

A Hong Kong law-compliant document acknowledging the transfer of a motor vehicle between parties, serving as official proof of the transaction.

find out more

Acknowledgement Receipt For Refund

A Hong Kong law-compliant document acknowledging the receipt of a refund between a business and customer, serving as official proof of the refund transaction.

find out more

Acknowledgement Letter For Receiving Passport

A Hong Kong-compliant formal document acknowledging the receipt and temporary custody of a passport, outlining safekeeping terms and return arrangements.

find out more

Acknowledgement Letter For Cheque Received

A Hong Kong law-governed document confirming receipt of cheque payment, including payment details and serving as legal evidence of the transaction.

find out more

Acknowledgement For Payment Received Letter

A Hong Kong law-governed formal document confirming receipt of payment, serving as legal evidence of the transaction and including payment details, recipient acknowledgment, and transaction purpose.

find out more

Acknowledgement Receipt Of Cheque

A Hong Kong law-compliant document confirming the receipt of a cheque payment, including essential payment details and serving as legal proof of transaction.

find out more

Acknowledgement Letter For Refund Payment

A formal acknowledgement of refund receipt under Hong Kong law, providing legal confirmation of payment and release of obligations.

find out more

Employees Loan Agreement

A Hong Kong law-governed agreement establishing terms for an employer-provided loan to an employee, including loan amount, interest, and repayment through salary deduction.

find out more

Completed Probation Period Letter

A Hong Kong-compliant letter confirming an employee's successful completion of probation period and transition to permanent employment status.

find out more

Cash Loan Simple Loan Agreement

A Hong Kong law-governed simple loan agreement documenting basic lending arrangements, including loan terms, repayment conditions, and enforcement provisions.

find out more

Student Accommodation Agreement

A Hong Kong law-governed agreement establishing terms and conditions for student accommodation arrangements between educational institutions/providers and student tenants.

find out more

Employee Acknowledgement

A Hong Kong-compliant document confirming an employee's receipt and understanding of company policies and procedures, governed by local employment laws.

find out more

Acknowledgement Letter For Donation

A Hong Kong-compliant formal document acknowledging receipt of charitable donations and providing necessary information for tax and record-keeping purposes.

find out more

Acknowledgement Receipt For Partial Payment

A Hong Kong law-compliant document acknowledging receipt of partial payment while preserving rights to collect the remaining balance.

find out more

Acknowledgement Business Letter

A Hong Kong law-governed formal business letter confirming receipt or understanding of specific business matters or documents.

find out more

Acknowledgement Acceptance Of Termination Letter

A Hong Kong law-governed letter confirming an employee's acceptance of employment termination terms and conditions.

find out more

Tenancy Termination Notice

A formal notice document under Hong Kong law used to terminate a tenancy agreement, including essential termination details and compliance with local statutory requirements.

find out more

Final Request For Payment Letter

A formal final demand for payment document under Hong Kong law, serving as the last warning before legal action.

find out more

Acknowledgement Receipt Land Title

A Hong Kong legal document acknowledging receipt of land title documents, essential for property transactions under Hong Kong law.

find out more

Acknowledgement Receipt For Refund Of Deposit

A Hong Kong law-governed receipt confirming the return of a deposit between parties, including refund details and mutual release provisions.

find out more

Acknowledgement Receipt For Down Payment

A Hong Kong law-governed receipt confirming the receipt of a down payment, providing legal documentation of the transaction and protecting both parties' interests.

find out more

Acknowledge And Acceptance Letter

A Hong Kong law-governed formal letter confirming receipt and acceptance of specific terms, conditions, or information, serving as legal evidence of acknowledgment and agreement.

find out more

Terminating A Commercial Lease Letter

A Hong Kong-compliant formal letter template for terminating commercial lease agreements, ensuring proper notice and legal requirements are met.

find out more

Tenant Early Lease Termination Letter

A formal notice under Hong Kong law from tenant to landlord requesting early termination of a lease agreement, including termination date and handover arrangements.

find out more

Salaried Partner Agreement

Hong Kong law-governed agreement establishing terms and conditions for salaried partner appointments in professional services firms.

find out more

Petition Complaint Letter

A formal document used in Hong Kong to register grievances or disputes with organizations or government bodies, following local legal requirements and protocols.

find out more

Loan Payback Agreement

A Hong Kong law-governed agreement establishing terms and conditions for loan repayment between lender and borrower, including payment schedule and default provisions.

find out more

Letting Management Agreement

A Hong Kong-governed agreement between property owners and management companies for professional letting and property management services.

find out more

Landlord 60 Day Notice To Vacate

A Hong Kong-compliant legal notice from landlord to tenant requiring vacation of property within 60 days, including termination details and requirements.

find out more

Gift Agreement Between Individuals

A Hong Kong law-governed agreement documenting the voluntary transfer of assets or property from one individual to another without consideration.

find out more

Final Offer Letter

A formal employment offer document under Hong Kong law that outlines key employment terms and conditions, serving as the foundation for the employment relationship.

find out more

Employee Placement Agreement

Hong Kong-governed agreement between an employment agency and client company for recruitment and placement services, compliant with local employment regulations.

find out more

Custom Software Development Contract

A Hong Kong law-governed agreement for custom software development services, defining project scope, deliverables, and mutual obligations between developer and client.

find out more

Waiter Work Experience Letter

A Hong Kong-compliant employment verification letter confirming an individual's work experience and responsibilities as a waiter.

find out more

Acknowledgement Letter For Advance Payment Received

A Hong Kong law-governed document confirming receipt of advance payment, including payment details and creating a legally binding acknowledgment of funds received.

find out more

Employee Accommodation Agreement

A Hong Kong law-governed agreement setting out terms for employer-provided residential accommodation to employees.

find out more

Electronic Communication Consent Form

A Hong Kong-governed consent form for electronic communications, ensuring compliance with local electronic transaction and privacy laws.

find out more

Confidential Settlement Agreement And General Release

A Hong Kong law-governed agreement that resolves disputes through confidential settlement terms and mutual releases of claims.

find out more

Reservation Deposit Agreement

A Hong Kong-governed agreement that establishes terms for reservation deposits, securing rights to future purchases or services while protecting both parties' interests.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it