So, six years ago, father left you half a house and that
half a house was worth 307,000?
In which case, as the inheritance tax limit in 2007 was £300,000,
you should have played some inheritance tax. If he died before 6 April 2007. It
would be based on £285,000.
For the purposes of tax when your mother dies, the
current threshold of £325,000 is added to your father's threshold when he died
and inheritance tax is based upon those figures. There is a double allowance in
effect for mother and father
Can I help further?
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