CGT on sale of inheritance - based on original purchase value?

[leighc]

I have recently inherited some investments from my mother. I assume any gain will be liable for CGT when I eventually sell/encash them (all supposing the market recovers by the time it becomes relevant). Will the CGT calculations be based on the current price less the value of the investment at the date of my mother's death (ie when the investments effectively became mine) or less the original cost of the investment?
Thank you

[JS123]

Value when she died - usually what you declare for probate/IHT return.

[leighc]

Thanks JS