Hi,
Yes. You became the owner of part of the propety when your father died, with the value of the property being based on the market value of the property on the day he died. This figure needs to be used on the share you received from your father and if your mother willed her share to you, you would use the market value of the property on the day she died.
This will help you work out the acquistion cost, to help work out if there is a gain. There is a calculator to help you at
Tax when you sell property.
Thank you.