SIPP, Trusts, IHT and income tax

my parents have a small plot of land and house. Both are in a trust (with a will supporting it). Me and brother are beneficiaries of that trust upon death. Would me and my brother have to pay IHT and income tax on it. Also my parents have a SIPP that is below below £325,000 what would the current tax implications be re IHT and income tax on that SIPP and also with assests held in a trust.

Hi.
We cannot comment on future events as legislation may change. You can see the current guidance here:
How Inheritance Tax works: thresholds, rules and allowances
Thank you.