Good evening. Yes, one can make a gift to anyone. The tax consequences are the same as if you made a gift to a family member. There are no income tax consequences. And, there are likely no gift tax consequences either. There is an annual gift exclusion of $13,000 per person per year. In addition, each person (donor) has a lifetime gift exemption of $1,000,000. So if the house value is not in excess of the $13,000 plus any unused portion of the lifetime exemption, there would be no gift tax consequences.
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