u/Fancy-Educator-6046

Throwaway account for obv reasons.

My father passed away several years ago, my mother has recently remarried - beside the point but very happy for her tbh, not fun being alone on your 80s.

She has moved into a new house with her new husband and is looking to sell her house. She has intimated that she would like to give half of the proceeds, our 'fathers half' as she puts it, to my sibling and me, this is likely to be in region of £200k each.

From a tax perspective what sort of implications does that have for her and/or us, aside from the 7 year IHT thing.

I am a higher rate tax payer my sibling is not if that matters.

TIA