Tax implications if my mother transfer the house into my name

[Mia Rin]

Hello everyone. My mom is currently 55 and no longer wants to live in our bustling city. She would like to transfer the house into my name and I am planning to live there for another 3-5 years at the very least. She bought the house in 2001 for 60k and it is paid off. It is currently worth 270k. I am never planning to sell this house as it is my childhood home but I am planning to be able to take out an equity loan in the next 3-5 years as a down payment for my first "forever" home. I would like to know are there any tax implications on my end if I receive this house as a gift?