Best way to transfer ownership of this property

Sporran

My grandfather bought a flat in Scotland in 1990/1991 for £33,000.
He gifted it to my mother in 1993. Market value was maybe £40,000 in 1993. It is currently rented out and is not a main residence. It is currently one of two properties she owns. The other being her main house.

Mother wishes me to have this flat so as to avoid the inheritance tax bill if 7 years elapse. What is the best way to go about this?

Is it as simple as gifting the flat to me? If I were to live there as my main residence and sell it later, would I avoid CGT?

Or

Should she sell the flat to me for less than market value, say £50,000. The current market value of the flat is maybe £100,000. I get that because I am a connected person, the CGT that mother would have to pay is based on the current market value. But is it £100,000 - £40,000. Or is it £100,000 - £33,000. This method sounds like a lot of bother and I doubt its viability, but mother wishes to explore it nonetheless.

Or

Maybe another method I'm missing?

Cheers

Pixie5740

Whether your mother gifts you the property, or sells it to you for £50,000 she will still have to pay CGT based on the current market value of £100,000.

Are your mothers assets great enough that inheritance tax is likely to be an issue when she passes away?

I think your mother should talk to a tax advisor before doing anything.