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I have a question regarding calculation of estate value for IHT. My parents made a mirror will in 2019, each leaving their half of their main home to me in trust on their death. I am their only child. My dad died in April 2021, leaving his half of the house to me in trust, valued at £160,000. My mum has just died so her half of the house now passes to me. The house value is now estimated £350,000 and there are no other assets in the estate. Do i have to include the entire estate value (£350k) for IHT calculation, or do I exclude the initial £160k put into trust when my dad died. Also is there a trust exit fee applicable in this case. Many thanks