Need Help
-
RE: Tax liability on gift
Thank you for the reply. However, I did not quite expalin the situation correctly. The company was sold on April 1st and I istopped being an employee at that point. I was only gifted the computer in July three months after after I stopped being an employee. -
Tax liability on gift
When the company I was working for (I also owned shares in the company) was sold I asked the acquiring company if they wanted my computer to be returned, as it was owned by the company. As the computer was quite old and only worth a few hundred pounds the acquiring company allowed me to keep it. Do any tax liabilities arise from this gift?