At some point next year, I am going to be going to New York on holiday with my mum. As a treat for graduating, she has agreed to give me half the money for a Balenciaga handbag. It comes to around $1300 dollars for the bag (about £650). However I was wondering if I would incur any charges when returning to England. I have heard that you can bring up to £145 worth of goods in, and the bag is obviously over. How much would I be charged for the bag?
I have also heard you can say that it is a gift for someone and that would be allowed. Would that prevent the charges?
I've not travelled much so I really don't know about customs. Thanks.
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