Document background
The Revocable Gift Deed is utilized in Hong Kong when a party wishes to transfer property while maintaining the right to revoke the gift under certain circumstances. This document is particularly relevant in family wealth planning, corporate gifting, charitable donations, and business restructuring scenarios. It must comply with Hong Kong's legal framework, particularly the Conveyancing and Property Ordinance and common law principles regarding gifts. The deed includes essential elements such as clear identification of parties, precise description of the gift property, conditions for revocation, delivery terms, and proper execution requirements. It serves as formal evidence of the gift transfer while protecting the donor's interests through the revocation mechanism. The document is commonly used in both personal and commercial contexts, requiring careful consideration of tax implications, stamp duty requirements, and registration obligations where applicable.
