Tax

Get your father to ask that a 'deed of variation' be inserted in the will, whereby he receives £20k and you £60k from the deceased's will.  There are then no tax implications.  Your father gifting you £60k is a 'hornets nest' - avoid.  There are implications for IHT and possible  'care' clawback if he should be taken into local authority homing.

Thanks Madas for your reply, much appreciated. I should also mention that my Dad is staying at her majestys pleasure. The £80k was left by his dad but he would only get it when his stepmum dies. She died on saturday, that's when he said he will give me £60k when he gets his money. I just wanted to know the best way to go about having to pay as less tax as possible if any at all.