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Deposit Gift Letter for Indonesia

Deposit Gift Letter Template for Indonesia

A Deposit Gift Letter is a formal legal document used in Indonesia to document and execute the transfer of monetary deposits as gifts from one party to another. The document is governed by Indonesian Civil Code (KUHPerdata) and, where applicable, Islamic Law provisions. It serves as official documentation of the gift transfer, including details of the parties involved, the specific amount being gifted, and any conditions attached to the gift. The document ensures compliance with Indonesian gift laws and regulations, including tax obligations and anti-money laundering requirements where applicable.

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What is a Deposit Gift Letter?

The Deposit Gift Letter is a crucial document in Indonesian legal practice, used when one party (the donor) wishes to formally gift monetary deposits to another party (the recipient). This document type is commonly used in family wealth transfers, charitable donations, or other situations where monetary gifts need to be formally documented. The letter must comply with Indonesian Civil Code (KUHPerdata) requirements and, where applicable, Islamic Law provisions regarding gifts (hibah). It includes essential details such as the parties' information, gift amount, transfer terms, and any conditions attached to the gift. The document serves multiple purposes: it provides legal proof of the gift transfer, helps ensure compliance with tax regulations, and can be used for banking and administrative purposes. It's particularly important in Indonesia where gift transactions may need to be documented for both legal and religious compliance.

What sections should be included in a Deposit Gift Letter?

1. Date and Place: Current date and location where the letter is executed

2. Parties' Information: Full names, addresses, and identification details of the donor and recipient

3. Gift Declaration: Clear statement of intention to give the deposit as a gift (hibah)

4. Gift Details: Specific details of the deposit including amount, currency, and bank account information

5. Confirmation of Ownership: Declaration that the donor is the legitimate owner of the funds being gifted

6. Transfer Declaration: Statement confirming the immediate and irrevocable transfer of rights to the recipient

7. Signatures: Space for signatures of donor, recipient, and witnesses

What sections are optional to include in a Deposit Gift Letter?

1. Conditions or Terms: Any specific conditions attached to the gift (if applicable)

2. Consent of Spouse: Required if the donor is married and the gift involves matrimonial property

3. Tax Declarations: Statements regarding tax obligations, required for gifts exceeding certain values

4. Source of Funds: Declaration of the legitimate source of funds, required for large amounts or when required by banking regulations

5. Multiple Beneficiaries: Distribution details if the gift is to be shared among multiple recipients

What schedules should be included in a Deposit Gift Letter?

1. Copy of Donor's ID: Certified copy of donor's government-issued identification

2. Copy of Recipient's ID: Certified copy of recipient's government-issued identification

3. Bank Account Details: Official bank document showing the account details for the deposit

4. Proof of Funds: Bank statements or other documentation proving ownership of the gifted deposit

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

Indonesia

Publisher

Ƶ

Document Type

Mortgage Document

Cost

Free to use
Relevant legal definitions


























Clauses




















Relevant Industries

Banking

Financial Services

Legal Services

Private Wealth Management

Family Office Services

Real Estate

Charitable Organizations

Education

Religious Institutions

Relevant Teams

Legal

Wealth Management

Private Banking

Financial Advisory

Compliance

Tax Advisory

Estate Planning

Trust Services

Customer Service

Document Management

Relevant Roles

Legal Counsel

Wealth Manager

Private Banking Manager

Financial Advisor

Estate Planning Specialist

Tax Consultant

Compliance Officer

Notary Public

Bank Manager

Trust Officer

Family Office Manager

Charitable Giving Officer

Religious Affairs Officer

Industries






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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

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