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

[justlikethatt]

Are people aware? And think this is OK ?

It would be interesting to know the what the actual figures involved are.

But I think would be fair if we are all offered the same deal.

So none of us should pay it. It's one rule for them.

What's the point in getting worked up? It won't change anything.

Anyway, the reason that the King does not pay tax is that he is the King. Taxes get collected by His Majesty's Revenue and Customs before being handed to His Majesty's Treasury. He'd technically be paying tax to himself.

Maybe they tried to- but it was taken over by the English!

Exactly. The point is being missed here massively. Whether you think it's immoral or not, the monarchy not having to pay it is one rule for them one rule for us - that's what people are upset about.

Lots of people won't be subject to IHT. I'm pretty sure that my parents' combined wealth wouldn't hit the threshold for payment (never mind once care fees may have to be met in the future). Conversely the mega rich will have their estates held in trust (Duke of Westminster) or have bought up farmland (James Dyson) so that they aren't liable.

As King, laws don't apply to him, because they are his laws. That's why his car doesn't have a number plate.

We, no they can't. It's a constitutional monarchy not the Middle Ages, what pathetic hyperbole. Parliament has agreed the arrangement whereby they surrender the crown estate, as PP have said. Honestly I despair!

She was 96. She had a fantastic life. She's never had to suffer the hardship s most of her generation did. Nothing wrong with talking about the huge injustice of a monachy.

Actually we live in a Crowned Republic!

What, none of it?

What's the point in getting worked up? It won't change anything.

Anyway, the reason that the King does not pay tax is that he is the King. Taxes get collected by His Majesty's Revenue and Customs before being handed to His Majesty's Treasury. He'd technically be paying tax to himself.

Your second paragraph IMO amply answers the first. This is precisely the reason people are getting 'worked up'. In any society with pretentions to democracy, this is a ridiculous state of affairs. And it's far less the financial implications that bother me than the total lack of accountability. Odd though it seems, the only institution with any ability to hold this people to account for their actions is MSM. And reading between the lines, its reasonably easy to deduce here who or what is being bought and sold, and at what price.

Windsor-PR is a formidable and very effective machine. Certain people throughout the duration of Elizabeth's reign have tried valiantly to take that particular bull by the horns. They failed spectacularly, on every count.

As to your separately made point, it's perfectly true that below a certain threshold you'll be tax exempt; above it, the property and assets will be tied up in trust with particular loopholes for tax avoidance. Note that no one has ever seen any good reason to close those loopholes. Nor do the overwhelmingly right-wing UK media ever seriously question why tax avoidance is perfectly legal, yet benefit fraud is a criminal offence.

Not too great a reach to arrive at an accurate conclusion as to why.

Not entirely true, although it's probably what Prince Andrew believed!

That's ridiculous. And to think of all the dodgy ways they have built this wealth as well. Accepting money from Bin Laden's family. Changing Bills by bypassing the democratic process to protect their land and wealth. They are the richest family in the world, sitting on a golden throne while faking sympathy for the commoners who cannot even afford to put the heating on (not forgetting the time they actually tried to get support from the government to pay for their heating in their palaces, while this funding was only supposed to be for charities). Time for them to go.

well said

They are the richest family in the world,

They’re a long way from being the richest family in the UK, let alone the world.

It's simple corruption and even lore bizarre that some people here obviously think crowned slebs should be exempt from the laws that govern us all

So what if the Queen didn't make the top half of the rich list. Neither do 99% of the population, does that make all of us exempt from IHT, too?

Rishi Sunak's wife had nothing to do with this, either.
There's no cause and effect relationship between what Sunak's wife is doing and what Charles is doing.
You might as well tell us how much your neighbour's cat is worth, because that would have just as much relevance to Charles' situation.

96% of estates are below the IHT threshold. Hardly any of us pay it.

As King, laws don't apply to him, because they are his laws. That's why his car doesn't have a number plate.

Time for change then. It's wrong on every count.

Never get why just because someone dies the state can help themselves to a chunk of what they own
people object because it’s up to 40%
if it was a reasonable amount more would pay
my parents were outraged that it was so high as a result its been done so we pay nothing

It's not true that royal wills are secret and everyone else's wills are published.

Wills are published by default, but everyone is entitled to apply to court to request that theirs is instead kept secret because there would be an excessive amount of intrusion if it were published. The royal family usually choose to make such an application. You can too if you want.

@VivX I actually think the Situation with Sunak's wife is quite relevant.

She's a wealthy individual who was trying to reduce her tax liability through various, legal means. The press slaughtered her and her husband.

Wealthy individuals passing on wealth are held to a completely different Standard to the royals. We somehow just accept it from them.

I think that some people think he could put everything on ebay and rightmove! As the monarch he owns Balmoral and Sandringham. In the '30s Edward VIII inherited them and retained them after he abdicated, the new King, George VI, had to buy them from him!

Who are you to tell people what they should and shouldn't think?

Even the bloody king doesn't do that...

Me neither. It's a scam.