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Original poster

Our NEW KING paying 0% inheritance tax on £100 million estate

187 replies

bluejay5 · 13/09/2022 04:56

Am I right in thinking this is unreasonable? While the rest of us commoners are taxed to within an inch of our lives, struggling to heat our homes. A few select individuals who are innately better than any of us towns folk get to keep their wealth and see their generations become richer and richer.
Don't get me wrong I understand the need to pay taxes, to keep us in a usable society and country. They tax our income, any profit we make from any business we take the risk of setting up, our council taxes us, if we receive a dividend from any smart investment we make, if we decide to buy a new house with money that was already taxed, they tax us again ..

And finally to top it all off, after being taxed all our working lives we decided to try and build some generational wealth and help out our offspring, and even in death they tax us... on property and money that was already taxed!!!

Yet a few individuals through no skills, or talent of their own, just by virtue of their birth are deemed to be literally innately better to a point where they are exempt from the rules we live under.

Please make it make sense???

Apparently, the monarchy is exempt from income tax in order to protect the wealth of the royal family from being eroded!
While the rest of us fight for survival like crabs in a barrel.

Plus anyone heard of the ''panama papers the queen''
google it ...

this Society has class baked into it. We aren't meant to move up or aspire for greater things. It's a rigged system, you can't tell me it's not.

Sorry, rant over.

OP posts:
Iflyaway · 13/09/2022 05:14

I agree with you.

In a country where I don't know how many children are living in poverty, it's an absolute disgrace.

wibblewobbleball · 13/09/2022 05:17

Exempt from inheritance tax because he inherits as a sovereign not as a normal member of society. How can he be expected to pay inheritance tax on things like palaces?? He actually surrendered all his income when he became king, in return for the sovereign grant which is about 30% of that income. Do some research before kicking off like a loon.

Pyewhacket · 13/09/2022 05:21

wibblewobbleball · 13/09/2022 05:17

Exempt from inheritance tax because he inherits as a sovereign not as a normal member of society. How can he be expected to pay inheritance tax on things like palaces?? He actually surrendered all his income when he became king, in return for the sovereign grant which is about 30% of that income. Do some research before kicking off like a loon.

This, with knobs on.

felulageller · 13/09/2022 05:24

I am incensed.

This must change!

We are getting into £130BILLION debt to keep the poor from freezing to death this winter whilst an already multi millionaire pays NO TAX on a whopping inheritance!

F*ING disgrace.

anotherbrewplease · 13/09/2022 05:26

@Pyewhacket @wibblewobbleball

The OP is hardly 'kicking off like a loon'. They have stated some facts. That were are other facts that you could point out without personal insults.

That's called 'a discussion'.

Userg1234 · 13/09/2022 06:42

anotherbrewplease · 13/09/2022 05:26

@Pyewhacket @wibblewobbleball

The OP is hardly 'kicking off like a loon'. They have stated some facts. That were are other facts that you could point out without personal insults.

That's called 'a discussion'.

The is always the right to discuss the monarchy but right now? People are upset.
Also the very next post is someone kicking off like a loon!
It is clear that there is no appetite for a Republic. The sheer numbers of people that are attending, the response to her death ... Sorry but people need to accept we have a king

ClocksGoingBackwards · 13/09/2022 06:50

Because it doesn’t all belong to him. It belongs to the crown. If he doesn’t have the right to destroy or sell it, he shouldn’t be paying tax on it.

Isaidnoalready · 13/09/2022 06:51

anotherbrewplease · 13/09/2022 05:26

@Pyewhacket @wibblewobbleball

The OP is hardly 'kicking off like a loon'. They have stated some facts. That were are other facts that you could point out without personal insults.

That's called 'a discussion'.

It's been discussed and explained

More than once

Womencanlift · 13/09/2022 06:53

Any reason you couldn’t have added your thoughts to the threads already in place discussing this topic? Or did you want the glory of starting your own rant?

Soontobe60 · 13/09/2022 06:53

anotherbrewplease · 13/09/2022 05:26

@Pyewhacket @wibblewobbleball

The OP is hardly 'kicking off like a loon'. They have stated some facts. That were are other facts that you could point out without personal insults.

That's called 'a discussion'.

Most of what the OP has written is, in fact, incorrect.

lemmein · 13/09/2022 06:55

The is always the right to discuss the monarchy but right now? People are upset.

It's getting a bit boring being dictated to of what we can discuss because the flag-shaggers are 'upset' tbh.

If words on a screen, about people you don't know, is too upsetting maybe the internet isn't for you?

LivingOnAnIsland · 13/09/2022 06:58

Inheritance tax for anyone can be reduced with sensible planning. If you have enough wealth to generate inheritance tax, you have enough wealth to pay someone to reduce it. I believe the Royal Family does pay income tax? OP, I hope you understand the difference between income tax and inheritance tax - your post seems to confuse the two.

Carproblem · 13/09/2022 07:01

It's absurd.

Also, the royal family are an utter anachronism anyway and I'm pretty sure Charles will be the last "king".

eldora · 13/09/2022 07:01

Userg1234 · 13/09/2022 06:42

The is always the right to discuss the monarchy but right now? People are upset.
Also the very next post is someone kicking off like a loon!
It is clear that there is no appetite for a Republic. The sheer numbers of people that are attending, the response to her death ... Sorry but people need to accept we have a king

Show quote history

This is classic deflection. Now is the perfect time to talk about these things but you want people to shut up and forget it.

Upset about a 96yo woman who died peacefully surrounded by her loved ones? She had a lovely life with no traumatic ending, we should all be so lucky.

eldora · 13/09/2022 07:02

lemmein · 13/09/2022 06:55

The is always the right to discuss the monarchy but right now? People are upset.

It's getting a bit boring being dictated to of what we can discuss because the flag-shaggers are 'upset' tbh.

If words on a screen, about people you don't know, is too upsetting maybe the internet isn't for you?

Exactly! There will never be a time where they will dictate that you can now talk about it,

Maltester71 · 13/09/2022 07:04

When entering into a ‘discussion’ then it’s pretty important to have your facts straight, though.

it’s quite obvious why he doesn’t pay inheritance tax. It’s not his ‘wealth’ to spend

Iamnotthe1 · 13/09/2022 07:04

felulageller · 13/09/2022 05:24

I am incensed.

This must change!

We are getting into £130BILLION debt to keep the poor from freezing to death this winter whilst an already multi millionaire pays NO TAX on a whopping inheritance!

F*ING disgrace.

That's not why we are getting in debt. We're getting in debt because the Government would rather protect energy businesses than its own people. A significant proportion could be paid for through windfall taxes on the profits the energy companies have made. After all, they are expected to make a further £170b over the next couple of years. The debt is being taken on to preserve their profits.

I can't get het up about the King following the rules about inheriting as a sovereign rather than an individual when far more tax is being dodged and avoided by large businesses every year.

wheresmymojo · 13/09/2022 07:04

wibblewobbleball · 13/09/2022 05:17

Exempt from inheritance tax because he inherits as a sovereign not as a normal member of society. How can he be expected to pay inheritance tax on things like palaces?? He actually surrendered all his income when he became king, in return for the sovereign grant which is about 30% of that income. Do some research before kicking off like a loon.

This.

GoneWithTheWine1 · 13/09/2022 07:05

Research before you start moaning about something you don't understand and spouting complete shit.Hmm
It belongs to the crown, he can't sell it off or destroy it and he's actually worse off.

eldora · 13/09/2022 07:05

wibblewobbleball · 13/09/2022 05:17

Exempt from inheritance tax because he inherits as a sovereign not as a normal member of society. How can he be expected to pay inheritance tax on things like palaces?? He actually surrendered all his income when he became king, in return for the sovereign grant which is about 30% of that income. Do some research before kicking off like a loon.

What a load of lies. And no one mentioned palaces. Here is Sky News on Charlie inheriting:

King Charles III can avoid paying millions in inheritance tax on the Duchy of Lancaster estate due to an old rule designed to protect the Royal Family’s wealth.

His Majesty automatically inherited the estate - worth over £652m - following the death of his mother Queen Elizabeth II last week.

Under UK law, inheritance tax is paid at 40% if you leave assets valued above a certain threshold to your loved ones after you die.

King leads procession behind Queen's coffin - live updates

But the King will not have to pay the levy because of a rule introduced by the UK government in 1993, which said inheritance tax does not have to be paid on the transfer of assets from one sovereign to another

Snugglemonkey · 13/09/2022 07:06

I can't make it make sense as it just doesn't. It is disgusting and I do not understand why anyone is happy for this level of privilege to exist for a family for no reason at all apart from being born. Disgusting.

eldora · 13/09/2022 07:07

So OP is right, Charlie is not paying inheritance tax on the Duchy estate

news.sky.com/story/why-king-charles-wont-have-to-pay-inheritance-tax-on-duchy-of-lancaster-estate-12695884

Ridelikethewindypops · 13/09/2022 07:08

What was his previous income from? His Saturday job in Sainsbury's?

Plantstrees · 13/09/2022 07:09

Would you seriously prefer that Buckingham Palace was sold to a foreign businessman or developer like so much of the rest of London? I doubt the National Trust could afford to buy it. This is what would need to happen to enable the monarchy could pay Inheritance Tax. That would be a great shame and over a period of time, the country would loose an enormous amount of money from tourism.

Quincythequince · 13/09/2022 07:10

wibblewobbleball · 13/09/2022 05:17

Exempt from inheritance tax because he inherits as a sovereign not as a normal member of society. How can he be expected to pay inheritance tax on things like palaces?? He actually surrendered all his income when he became king, in return for the sovereign grant which is about 30% of that income. Do some research before kicking off like a loon.

This.
It’s really not hard to understand how the Royal pay tax.

Their ownership, or indeed existence as Royals at all is a separate question, but there are clear taxation procedures in place here.