Youngs Antiques has dated this piece to the 16th Century.
The panel is housed in a later carved walnut frame which has signs of old wood worm.

The panel has a lovely untouched patina with only a few minor losses to the carving, commensurate with age.
The Judgement of Solomon is a story from the Hebrew Bible, in which Solomon ruled between two women who both claimed to be the mother of a child. Solomon ordered the baby be cut in half, with each woman to receive one half. The first woman accepted the compromise as fair, but the second begged Solomon to give the baby to her rival, preferring the baby to live, even without her. Solomon ordered the baby given to the second woman, as her love was selfless, as opposed to the first woman's selfish disregard for the baby's actual well-being.
Youngs Antiques has dated this piece to the 16th Century.
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