My Account Deeds.com Real Estate Deeds

Idaho Gift Deed

Gifting Real Estate in Idaho

Gift deeds convey title to real property from one party to another with no exchange of consideration, monetary or otherwise. Often used to transfer property between family members or to gift property as a charitable act or donation, these conveyances occur during the grantor's lifetime. Gift deeds must contain language that explicitly states that no consideration is expected or required. Ambiguous language, or references to any type of consideration, can make the gift deed contestable in court.

A lawful gift deed includes the grantor's full name and marital status, as well as the grantee's full name, marital status, vesting information, and mailing address. Vesting describes how the grantee holds title to the property. Generally, real property is owned in either sole ownership or co-ownership. For Idaho residential property, the primary methods for holding title are tenancy in common, joint tenancy, and community property. An estate conveyed to two or more unmarried persons is considered a tenancy in common, unless otherwise specified (I.C. 55-104, 508). A conveyance to two married persons is presumed to vest as community property ( 32-906).

As with any conveyance of realty, a gift deed requires a complete legal description of the parcel. Recite the source of title to maintain a clear chain of title, and detail any restrictions associated with the property. In Idaho, if the signer is not personally known to the notarial officer, the instrument requires the signature of one witness ( 55-719). All signatures must be original. Record the completed gift deed with the clerk or recorder's office where the subject property is located. Contact the same office to confirm recording fees and accepted forms of payment.

With gifts of real property, the recipient of the gift (grantee or donee) is not required to declare the amount of the gift as income, but if the property accrues income after the transaction, the grantee is responsible for paying the requisite state and federal income tax [1].

In Idaho, there is no state gift tax. Gifts of real property in Idaho are, however, subject to the federal gift tax. The person or entity making the gift (grantor or donor) is responsible for paying the federal gift tax; however, if the donor does not pay the gift tax, the donee (grantee) will be held liable [1]. For questions regarding state tax laws, consult a tax specialist.

In accordance with federal law, individuals are permitted an annual exclusion of $15,000 on gifts. This means that gifts valued below $15,000 do not require a federal gift tax return (Form 709). Even so, donors should consider filing one for many gifts of real property [2].

This article is provided for informational purposes only and is not a substitute for the advice of an attorney. Contact an Idaho lawyer with any questions about gift deeds or other issues related to the transfer of real property.

[1] http://msuextension.org/publications/FamilyFinancialManagement/MT199105HR.pdf

[2] https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes

Deeds.com Idaho Gift Deed Forms Have Been Updated as Recently as Monday November 23, 2020

4.8 out of 5 (2107 Reviews)

What others like you are saying:


Diana H. said: little expensive same document in other county is free. however quite fast in responding. and just what i needed.

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!


Jan M. said: Fantastic company. They are the absolute best and helped me get the information I needed.

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!


Timothy G. said: Downloadable documents, instructions and a completed sample form were just what I needed. Very pleased and easy to use. Deeds.com will be my first stop for any future documents I may need. Thank you!

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!


Kathy B. said: Works easy enough and good directions on the form, however no help when I got locked out. Had to do a completely new account name and email address.

Reply from Staff: Thank you!


Christine R. said: Ordering and directions were easy. The only thing missing in the instructions was how to record by mail. Thanks!

Reply from Staff: Thank you Christine. We'll work on making it more clear that one can find mailing information in our recording section. Have a great day!


Julie G. said: Great online tool to get your deeds recorded without having to go downtown! Will be using deeds.com for all our future recordings!

Reply from Staff: Thank you!


Idaho Gift Deed Form