John Humphreys: 'Tis the season to give - but don't add in a tax bill

As children across the country love to tell their parents, Christmas is all about giving. December is certainly the traditional month for extravagance and a parting of hard-earned cash. For those feeling stuck for ideas, this year Fortnum & Mason is offering hampers ranging from £60 to £6,000. Or if jewellery is their thing, a pair of Bucherer 18-carat white-gold diamond earrings are available at Selfridges for £14,000. The child that has everything is perhaps missing the 120cm-tall Bobby Teddy Bear from Harrods (£829), and it might be worth throwing in the limited edition Lego Millenniu...