I am buying my ex boyfriend's share of our house. The money is not coming from escrow but I am paying him myself. The Grant Deed has a statement, "This is a bonafide gift and the grantor received nothing in return, R & T 11911". My question is - what exactly does this mean to me? Do I have to pay some sort of gift tax? He did sign another paper stating he is receiving money for his portion upon close of escrow from me. The house is in Moorpark, California. Thanks.