Pre 1985 Asset and CGT

I'm about to purchase a property owned by my parents.

The property was purchased in 1981 and has always been a holiday house for them, so it has never derived an income.

This house in not their PPOR.



will the sale of this property to me be liable for Capital Gains Tax

Also can I rent the house out before it has been transferred into my name.

Will this impact the CGT?



I can't find info on this?

Any help would be appreciated



Thanks:)

Pre 1985 Asset and CGT