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How to determine the nature of parents' contribution to children's house purchase

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How to determine the nature of parents' contribution to children's house purchase


        

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  • 2024-05-22 12:01:21

    After marriage, if parents contribute to the purchase of a house for both parties, the contribution shall be recognized as a gift to both parties, unless parents explicitly express that they are donating to one party. Where a parent contributes to a child's purchase of a house before marriage, it shall be deemed as a gift to the child of one party, and shall be recognized as the personal property of one party before marriage.

    [Legal Basis]

    Article 17 of the Marriage Law states that the following property acquired by the husband and wife during the marriage relationship shall be jointly owned by the husband and wife:

    (1) Salary and bonus;

    (2) Income from production and operation;

    (3) Income from intellectual property;

    (4) Property derived from inheritance or donation, except as provided for in Item 3 of Article 18 of this Law;

    (5) Other properties that should be jointly owned. Husband and wife have equal rights to dispose of jointly owned property.

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