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Hello and thank you for your question. I will be very pleased to assist you. I'm a practising lawyer in England with over 10 years experience.
Please accept my condolences for your loss. May I clarify for the avoidance of doubt your mothers estate was made up principally of £113K gift to you and a balance of circa £69K totalling circa £182K? I.e. there was no other significant asset such as a house?
Many thanks for the confirmation. On these facts there will be no inheritance tax due on your mothers estate and consequently no tax due by you on the gift you received from your mother which will be tax free.
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