UK Property Law
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Do you presently own another property that you occupy as your primary residence?
In that case the IHT liability will be paid in accordance with the Will. This will state whether the gift itself is to bear it's own burden of IHT or whether the IHT is to be paid out of the estate.
As to CGT, if you are not to use it as your main home then if you sell the property there may be a a CGT liability which you will have to pay upon sale if there has been an increase in the value of the property between the date of your mother's death and the date that you sell the property.
If you are to live in the property as your main private residence then you should tell HMRC that this property is your MPR. CGT would then apply in the case of a sale of your other property.
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