The Gift Deed of Cash is a crucial legal instrument in Malaysian jurisprudence, designed to formalize and document monetary gifts between parties. It serves multiple purposes, including tax compliance, succession planning, and charitable giving. The document is particularly relevant in Malaysia's unique dual legal system, where both civil and Islamic law principles may apply. When executing a Gift Deed of Cash, parties must ensure compliance with various regulations including the Contracts Act 1950, Income Tax Act 1967, and where applicable, Islamic law principles of hibah. The deed becomes especially important in scenarios involving substantial monetary gifts, family wealth transfers, charitable donations, or corporate gifting, as it provides clear documentation of the transfer and helps prevent future disputes while ensuring regulatory compliance.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the donor and donee with full legal names, addresses, and capacity statements
2. Background: Brief context explaining the relationship between parties and intention to make the gift
3. Definitions: Key terms used in the deed including 'Gift Amount', 'Effective Date', and other relevant definitions
4. Gift Declaration: Clear statement of the donor's intention to make an immediate, irrevocable gift of the specified amount
5. Amount and Payment Details: Specific amount being gifted and method of transfer
6. Acknowledgment: Donee's acceptance of the gift and acknowledgment of receipt
7. Representations and Warranties: Donor's confirmation of ownership, right to gift, and solvency declarations
8. Governing Law: Specification that Malaysian law governs the deed
1. Islamic Law Compliance: Additional provisions for compliance with Shariah law principles of hibah, used when either party is Muslim
2. Tax Declarations: Statements regarding tax implications and responsibilities, used for larger gift amounts
3. Source of Funds Declaration: Declaration of the legitimate source of gifted funds, used for compliance with anti-money laundering regulations
4. Conditions Precedent: Any conditions that must be met before the gift becomes effective, used in specific circumstances where relevant
5. Witness Attestation: Additional witness statements and signatures, used when extra verification is desired
1. Schedule 1 - Payment Details: Detailed information about the bank accounts and transfer method
2. Schedule 2 - Source of Funds Documentation: Supporting documents proving the legitimate source of funds
3. Appendix A - Proof of Identity: Copies of identification documents of both parties
4. Appendix B - Tax Compliance Documents: Any relevant tax forms or declarations required by Malaysian tax authorities
Find the exact document you need
Gift Deed Of Cash
A Malaysian legal document formalizing the voluntary transfer of money from a donor to a donee, compliant with both civil and Islamic law requirements where applicable.
Download
Deed Of Gift Form
A Malaysian legal document that formalizes the transfer of property or assets as a gift from a donor to a donee, compliant with both civil and Islamic law requirements where applicable.
Download
Deed Of Gift Agreement
A Malaysian legal document formalizing the transfer of property or assets from a donor to a donee without consideration, executed as a deed under Malaysian law.
Download
Deed Of Gift Document
A Malaysian legal document that formalizes the transfer of property or assets from a donor to a recipient without monetary consideration, meeting all statutory requirements for deeds in Malaysia.
Download
Irrevocable Deed Of Gift
A Malaysian legal document enabling permanent and irrevocable transfer of property or assets from donor to donee, compliant with Malaysian civil and Shariah law requirements.
Download
Genie’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; Genie’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
.png)
.png)