Gifting or Inheriting property....Father to son.

landlord

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I share 2 investment properties with my father (deeds and mortgage in both our names). He has very kindly said that he is going to at some stage gift me these 2 properties. We both currently earn a net income from these 2 properties and he would like to keep this income, but gift the properties to me at some stage. What is the most tax efficient method of passing these properties over to me. Can it be done now where we then have a private arrangement where I continue paying him an income, or should it be left to his will/estate? He is living in the U.K. and I am in Ireland....not that that matters ?
thanks.....
 
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