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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Charles won't pay inheritance tax on what he inherits from the queen..

299 replies

justlikethatt · 11/09/2022 18:12

Are people aware? And think this is OK ?

OP posts:
bjjgirl · 11/09/2022 18:15

Not arsed in the slightest

Softplayhooray · 11/09/2022 18:16

I am aware. And Andrew isn't facing a court. And the list goes on. Endless unfair ridiculousness. The monarchy is awful and the whole distasteful grotesque charade needs to be ended as soon as possible.

Saying that, my thoughts are with anyone grieving the loss of the Queen because she's a human being first and royalty second.

NutellaEllaElla · 11/09/2022 18:16

I don't think anyone should pay inheritance tax

Rollingdownland · 11/09/2022 18:17

Bore off with your goady threads and live in a republic instead.

Batshittery · 11/09/2022 18:17

I don't care

nachoavocado · 11/09/2022 18:17

Why's that then? Seems little unfair but can't really get worked up about it.

waterwitch · 11/09/2022 18:18

@bjjgirl - although obviously this does mean that everyone else has to pay more tax to cover the shortfall. Of course you could be ok with that or not, but I think the OP is right, everyone should know and understand the implications

FlorettaB · 11/09/2022 18:18

Anyone with a similar amount of money would have made arrangements to minimise tax liability.

TheLightSideOfTheMoon · 11/09/2022 18:18

Christ, let it go.

The Royals spend our money. Wa wa wa.

Who cares?

TooHotToTangoToo · 11/09/2022 18:18

I couldn't give a monkeys, I don't think anyone should

BernadetteRostankowskiWolowitz · 11/09/2022 18:19

He inherits less than you think - Balmoral, Sandringham and whatever personal wealth she has.

Buckingham Palace/Windsor etc all belong to The Crown.

justfiveminutes · 11/09/2022 18:19

My understand is that inheritance tax isn't due because the assets were held by the Queen as sovereign and not as a private individual. They can't be sold or used to raise finance and pass from one sovereign to the next. It would be a bit ridiculous to sell the royal residences to pay inheritance tax.

Mehhhhhhh · 11/09/2022 18:20

It’s outrageous, and what’s equally awful is the number of serfs here who think it’s ok.

DashboardConfessional · 11/09/2022 18:20

*Mr Nunn noted that the new monarch "surrenders his entire estate to the UK Govt in return for a Sovereign grant equivalent to 33 percent of his estate’s income", which "effectively [makes] him the highest taxpayer in the UK."

King Charles formally surrendered all hereditary revenues, including the crown estate, to the United Kingdom government at a ceremony at St. James's Palace on Saturday.*

Is this not why?

justlikethatt · 11/09/2022 18:21

nachoavocado · 11/09/2022 18:17

Why's that then? Seems little unfair but can't really get worked up about it.

Really ? Do you get worked up when politicians or companies use LEGAL tax avoidance ( not evasion ) schemes ? Or accountants to help them keep their tax bills as low as possible ?

Or did you judge certain companies for using the furlough scheme ? Because the companies are winded by rich individuals ?

Seems hypocritical to me that we judge people for paying lower tax ( legally ) and are just fine with the KING not paying inheritance tax... seems weird. And before you say that he pays other tax, so do other wealthy individuals who get completely rinsed by the media for making sensible tax savings.

OP posts:
SleeplessInEngland · 11/09/2022 18:22

This reply has been deleted

Post deleted as not in the spirit of the site.

MarshaMelrose · 11/09/2022 18:22

Mehhhhhhh · 11/09/2022 18:20

It’s outrageous, and what’s equally awful is the number of serfs here who think it’s ok.

It’s outrageous, and what’s equally awful is the number of serfs here who think it’s ok.

🙄 How original.

underneaththeash · 11/09/2022 18:23

Yes that’s fine. He’s the king.

7Worfs · 11/09/2022 18:23

Inheritance tax is theft.

justfiveminutes · 11/09/2022 18:24

"The monarchy is ridiculous and beloved by cretins."

What a thoughtful argument.

MarieIVanArkleStinks · 11/09/2022 18:25

Rollingdownland · 11/09/2022 18:17

Bore off with your goady threads and live in a republic instead.

It's a legitimate point and people are entitled to raise it. Every other citizens of these islands is subject to inheritance tax, not least the Freedom of Information Act. As a PP above pointed out, that means those of us who do pay these taxes are carrying this family, who already have extensive wealth (and whose financial dealings we are not allowed to know).

As for being 'above the law', that's even more of a serious issue, particularly when teamed with the consequently empty sentiment 'he's never been found guilty of a criminal offence' (we all know who I'm talking about ). Given the protected, cossetted status of the family in question, is this really any wonder?

It's time people blinded by the vulgar pageantry, in thrall to the privileged classes and immediate willingness to kowtow to an 'HRH' title - because, y'know, 'history', were at least aware of exactly what it is they're supporting.

The monarchy is a corrupt, immoral, unaccountable institution.

m00rfarm · 11/09/2022 18:25

Don't people on here ever check out facts before posting? I guess this will be another thread deleted when someone actually points out the facts. Google it - will not take more than a few seconds.

reallypuzzledoverthis · 11/09/2022 18:25

He doesn’t own it, he can’t sell it, it’s belongs to the sovereign so why should he pay tax when they are not his personal assets?

bjjgirl · 11/09/2022 18:25

waterwitch · 11/09/2022 18:18

@bjjgirl - although obviously this does mean that everyone else has to pay more tax to cover the shortfall. Of course you could be ok with that or not, but I think the OP is right, everyone should know and understand the implications

I meant that I am not bothered about it in the slightest, I am aware and not bothered.

I don't let things wind me up that I can not change

Chickpea17 · 11/09/2022 18:27

Thank you should've done some research before posting such a question to be honest.