Will there be tax to pay if I gift furniture to friends now?
Will there be tax to pay if I gift furniture to friends now?
What is the inheritance tax position for furniture, paintings etc, given to friends and family on downsizing to a smaller property? These were freely and informally given without documentation or valuation, though some are quite valuable.
Stephanie Parker
Wed, 07/15/2020 – 12:49From
JT/ConwyAny gift is potentially liable…
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