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

[justlikethatt]

Are people aware? And think this is OK ?

Couldn't care less.

And hated by even bigger cretins. 👍

It helps if you think about it as owned by a trust in perpetuity. It's untaxed just as a trust would be.

Also, I do wonder at the people who want the crown estate to be privatized. You do know it would be bought by a multi-billionaire who lives out of the country and wouldn't pay any taxes and wouldn't do any of the diplomatic, constitutional, or charitable work the royal family does, right? And that if were just owned by the public, then even more extraordinary amounts of public funds (rather than anything funded by the crown estate) would have to be paid for by public moneys, which would probably be an even greater drain on the estates.

Anything left to a private individual by the Queen is taxed. This means that anything she leaves to any of her other children, grandchildren, etc is taxed just as normal. The only untaxed amount is that which stays with the sovereign in perpetuity.

Unlike, say, the tax exile billionaires who pay zero in inheritance tax to anyone because they despise and let down the very system that helped make them a success.

The more personal wealth the royals have, the less public money they require.

I agree.

How much tax do you pay, Novella?

I hate to tell you but Charles wouldn't piss on you if you were on fire, no matter what you tell yourself..

They rely on your servitude so well done..

Nobody particularly rich does, they hire accountants to evade it.

Even if he did pay insurance tax, aren't they funded by the public purse anyway?

Neither did the duke of Westminster- one if the richest families in the country.
Tbf if he did, he'd have lost most of his land & estates & business in order to pay the tax. Many many people would have lost their jobs and the businesses he has bring in a lot for the economy.

I think the same goes for the RF. perhaps they should scale down their wealth a bit over time - but losing almost half of everything to inheritance tax over night is short sighted, counter productive and will cripple them.

Also, I do wonder at the people who want the crown estate to be privatized. You do know it would be bought by a multi-billionaire who lives out of the country

Trump. Oops. King Trump. (He'd change his name.)

The laws do not apply to the Royal Family. They can more or less do whatever they want.

As someone who is just paying IHT on my mothers estate. I don’t agree with the double standards. Certainly it shouldn’t be owed on Crown estates as these are effectively owned by the country but personal wealth absolutely why shouldn’t it be payable. We should all be subject to the same laws

I hate to tell you but Charles wouldn't piss on you if you were on fire, no matter what you tell yourself..

I should think not. He'd smother the flames with his coat and get a fire extinguisher. Honestly, how uncouth are you going around pissing on people? 🤔

I could not care less tbh.

What do her personal finances have to do with anything? She's not the head of state or a member of the royal family. God these discussions descend into such nastiness for no reason.

No , none of the way the monarchy gets their money is ok . It’s time for a republic . Having a head of state based on genetic linkage makes nil sense in a modern society .

Not too bothered. For the saddest of reasons we're getting a nice bonus of foreign money currently via tourists, sale of TV rights etc, and we'll get another one with the Coronation. It'll balance out.

Except it’s considered ok for some posters to complain about the royal family not paying tax?

The fact that incredibly rich families can tie up vast estates in trust and pass them on untaxed is awful and places huge amounts of land and property into a very small number of hands. I paid inheritance tax, it would have seemed reasonable if the super wealthy weren’t able to avoid it. Other countries don’t allow these trusts and are able to prevent foreign billionaires from buying up huge swathes of land and property.

Royal will’s should be public, everyone should pay inheritance tax or no one should and giving all children a right to equal inheritance would break up some of these ridiculously big estates. How much does one family need?

@INXS21

... the point being , I pay tax and inheritance tax

Is that difference really so hard for you to grasp ?

Lucky him, no one should have to.

He has and will pay millions of pounds of tax over his lifetime though.

Its not as if he can flog anything though, theoretically hes a caretaker and good luck to him!

I do, and think people should pay more than they already do.

If you don't like it, spend it before you die. Downsize, give deposits to your kids for their own houses. IHT is a tax on hoarding (and is also redistributive).

This is a useful resource on the monarchy and tax: www.channel4.com/news/factcheck/factcheck-qa-does-the-monarchy-pay-for-itself

And? It's happening to other large estate owners. Castle Howard is only about half-habitable, some of the back rooms are half falling down, and they've recently had to flog off a collection of ancient artefacts to pay off a £5m inheritance tax bill.

If this applies to them, why not the Windsors? What makes them 'special?'

Spot on.