Can you gift part equity of a home each year to avoid gift tax?

[Aaron Hunt]

Question for RE / tax gurus:

If a property is worth $100k, can two parents gift 50% equity of a property to their child and their spouse in one calendar year (2018), and the remaining 50% of equity the following calendar year (2019) and legally avoid the annual gift tax limit ($56k) while essentially gifting a home to their child over this timeframe?

What is the right way to go about doing this, if possible?