Here's a sample gift letter you can use to prove that the money is truly meant as an outright gift, with no expectation of repayment. This gift is to be applied toward the purchase of the property located at: (Property Address). 3).A gift letter must contain the donor's name, the gift's value, confirmation that the gift is not to be repaid, and the donor's signature. I write this affidavit as evidence of the transfer of a gift to ______ (the "Donee"), who currently resides at ______, ______, ______ ______. The letter will need to explain who is gifting the money, where the funds are coming from and the relationship between the donor and the recipient. A Gift Deed, or a Deed of Gift, is a document you use to give property, assets, or money to another party without receiving monetary consideration in return. Gift tax in India applies to gifts valued exceeding ? 50000 in the financial year.