According to relevant provisions of the "Individual Income Tax Law of the People's Republic of China", the following notice is given regarding individual income tax issues related to individuals receiving houses as gifts without compensation:
I. For the following scenarios of gratuitous gifts of house ownership, no individual income tax will be levied on either party involved:
(1) The house owner gratuitously gifts the house ownership to their spouse, parents, children, grandparents, maternal grandparents, grandchildren, maternal grandchildren, brothers, or sisters;
(2) The house owner gratuitously...