IHT has been dealt with but I am being asked the question of whether these bikes are potentially subject to CGT in the future.
There are a lot of them, which I think is irrelevant because they don't count as a 'collection'. I believe they will be classed as machinery and therefore a wasting asset which is CGT exempt. There is no trade in the bikes and they have never been used in a business.
I would be grateful if anyone who has come across this could let me know if they concur.