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

[bluejay5]

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.

Look up Crown Estates @Tiani4 - I think you have that backwards. Also how do you calculate how much RF bring in in the way of tourism? Counties without monarchies seem to do OK

It's my experience that those who support the monarchy will happily believe the figures. And those who don't will call the figures rubbish.
It hardly seems worth presenting the figures because you've all judged what the figures should be already.

If you do not have a background in finance, most people generally have no idea how much they are all being fleeced by the Royal Family.

They have no idea about "Queens Consent"

They have no idea that the Duchy blocked leaseholders from buying the freeholds to their properties.

Thats how they maintain control now. Not via military power, but via economic power.

Specifically property.

Why does the "Crown" own the seabed around the UK?

Its completely ludicrous. There is no other Royal family in the democratic western world like this. None.

And when people say "70% goes to the people and 30% to the Sovereign Grant"..

That is the textbook definition of a rentier.

The Royal Family do nothing productive. They just sit in the middle absorbing 30% of the income.

In reality, 100% should go to the public purse.

The entire country is beeing fleeced slowly as the Royals absorb more and more land, while the "Royalists" cheer them on.

You honestly cannot make it up.

Even if IHT was due on balmoral and Sandringham it would be minimal. They’d get APR (Agricultural Property Relief) on a good majority of it which is 0%. A lot of the remaining estate and parkland would qualify as national heritage assets and qualify for tax relief - these schemes are open to anybody who qualifies.

The Crown Estates provide the income @Tiani4 not the RF or the Monarch. It's technically owned by the reigning monarch but not literally ie he cannot sell off any part of it or take the revenue and is not managed by him,

Her wealth has been estimated at £430 million @fyn although it's all pretty secret, it's not just Balmoral and Sandringham

@WhatHoJeeves ·

"extremism" because you don't agree with them? Our new king WILL be paying 0% inheritance tax on £100+ million estate - factually correct

And I couldn't care less

You couldn't care less that you accuse someone who is being factually correct of extremism? Not sure I would come on to a public forum to admit that. Bit OTT

How do you know the Queen's estate passes to Charles? She has other children and her will won't be published. It seems likely he will receive a share, but it would be very surprising if he's her sole beneficiary.

Why does the "Crown" own the seabed around the UK?

Just on this one point - I’m kinda pleased they do else the government would have sold it off by now. Misses point of thread.

The financial privileges the monarchy has are scandalous. Don't forget the queen was forced to pay tax fairly recently - following pressure from the media. Her husbands will was sealed (not a privilege non royals have) and so will her will be. This family are independently wealthy multi millionaires - yet we taxpayers end up paying for their weddings, funerals and just about everything else they can screw us for. If people are dumb enough to believe they 'bring in more than they cost', we probably deserve to be screwed over by them.

When your local school comes begging for money, when you can't find an NHS dentist in your area, when you cannot get up the hospital waiting list or get a local police officer to investigate your burglary etc...........then think of the billions of pounds spaffed up the wall on an old woman's funeral that is lasting weeks (because she wanted it too!)

@Mothership4two yes, but there are numerous ways to reduce that liability. I am an Estate Manager and have worked for families far wealthier than the Queen. Tax planning is a big part of the role and taken into consideration with almost every decision that is made.

The UK Government maintained Prince of Wales website states:

"The Prince pays Income Tax voluntarily on the surplus of the Duchy of Cornwall, after official expenditure has been deducted at the highest rate, which was 45 per cent in 2016-17, resulting in a total of £4.8million (including an element of VAT)."

So....do you have any evidence the PoW doesn't pay 45% income tax?