Saving on taxes by splitting up property before sale

[Dylan B.]

Hello,

My grandparents are selling a piece of property for about $800k. Apparently someone told them that they could save on taxes by splitting the property between multiple people and then selling it. I guess the logic being that the recipients each pay taxes to what ever bracket they are thrown into instead of my grandparents getting taxed for the whole property. Assuming they planned on splitting the funds between these people anyways as a gift, what would be the best and legal route to go? Gifting the money after sale or gifting the property pre-sale?