Core Viewpoint - The article discusses the tax implications of equity transfers between relatives, emphasizing the conditions under which such transfers may be exempt from personal income tax [6]. Summary by Sections - **Tax Regulations on Equity Transfers** - According to the announcement by the State Administration of Taxation, specific conditions allow for the recognition of low-priced reasonable equity transfers between relatives, including transfers to spouses, parents, children, grandparents, and siblings [6]. - If the transfer does not meet the specified conditions and the reported transfer income is significantly low without justification, tax authorities may assess the transfer income and impose personal income tax [6].