Parents concerned about capital gains taxes when selling home to child

You can give anyone a financial gift of up to $15,000 without triggering a “taxable event,” as the accountants like to call it. So, your parents could give you a gift worth $30,000 a year. If you’re married, they could give you and your spouse $60,000 a year. If you have two children, they could gift you up to $120,000 without triggering any taxes.