Within a few years, you could effectively transfer the entire home, without ever going above your annual gift tax exclusion amount in any given year. (biggerpockets.com)
Be sure to note the current annual gift tax exclusion amount. (protective.com)
The annual contribution limit is equal to the annual gift tax exclusion amount under the Internal Revenue Code, currently $ 15,000, which is subject to change. (savingforcollege.com)