Losely watch related, but does anyone know if watches are free from inheritance tax?? Just a casual question for the sake of interest really as I was chatting so someone at work the other day (who is considerably richer than I) who reckoned that the price of shotguns which he is really into - Holland and Holland, Purdey etc - was going through the roof as they are free from inheritance tax and old people are buying them to leave in their wills, the reasoning being that they are a mechanical item. He also reckoned that watches and even possibly cars would fall into this same bracket.
I can’t see it personally, seems like a load of old cobblers. I have had a quick look for some info on the internet but can’t find anything. Just wondered if anyone knew anything about this or whether it was just the usual man-rubbish talk.


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