CGT on gift to child

T

trigger3

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For a gift to a child of the family home (value €250k) and 10 acres (value €80k) are there any CGT implications. The house is still the family home to be inhabited until death and will be gifted to one particular child now. The 10 acres adjoining land is to be split between 2 children.

I understand that there are no CAT implications since both children can avail of the €310k threshold but what about CGT for the parents?
 
For the disposal of the family home, there is no Capital Gains Tax.

Disposing of land would be subject to CGT. But not sure if it can be included in the Family Home exemption.

Brendan
 
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