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  • 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?