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[Music] good day and welcome back to be Emilys food turn Tuesday yes it is turn Tuesday and our turn for today is a deed of gift now this term is very critical to understand when we compare the two states of the Commonwealth of Virginia and the District of Columbia a deed of gift is a legal document that voluntarily without recompense transfers ownership of real property personal property and even intellectual property in this case in real estate were talking about a home a multi-family or even a commercial space from one person or institution to another now why is this important to understand because recently if I was able to receive receive a deed of gift in the District of Columbia it would save me seventeen thousand dollars in the most recent transaction in the state of Virginia you can award yourself what is called a deed of gift and what that simply means is that the state of the Jane does not tax you twice on transfer taxes case in point when I purchased their original proper