Charles gets all the inheritance so will William.

[Fifi0000]

Reported in the press , I'm starting to see why Harry might be a little annoyed. He's still a spoilt brat and no excuse for everything he's done but still I'm starting to understand a bit of the bitterness. Charles has inherited all his mother's estate 650 million tax free monarch to monarch. None of the Queen's other children have received a cut. The queen's other children will have to see if Charles decides to give them anything. Perhaps Phillip left them something and it didn't all go to the Queen?.

I'm starting to see where the spares anger and the supposed genetic pain comes from. You are entirely beholden to the monarch and the heir. They have to follow the rules and protocol but don't get the massive wealth the heir does and you spend your life being lesser because of your order of birth. One day William will get the lot of the massive fortune and in charge of the purse strings. It's really an unfair system the heir and spares thing. I thought things like inheritance would be fairer. It's an archaic system for 2023.

He's still a massive twat but I understand a little why he has a massive chip on his shoulder.

Diana left Harry a huge chunk. But I agree the fair thing is to divide equally between all kids. Leaving all to oldest is weird..

Maybe king charles will change it!?
Make a new rule that its to be split equally to all children.
I feel for harry, his pain is so clear to see. I hope in may they can all make up@

Queen Mother left them something too, and reportedly more to Harry than William.

Thats surely nothing more than media speculation. Like Prince Philip, her will is sealed for 90 years so the contents aren't made public.

It does seem unfair but I guess historically all the estates belong to the Crown, if they are shared out between the kids each time a Monarch died there wouldn’t really be much left that sat with the Crown.

Philip left everything to the Queen.
The Queen left everything to Charles.

Neither of those things will surprise any of the royals - Consort to Sovereign and Sovereign to sovereign transfers are IHT free.

The Queen Mother set up trust funds in her lifetime for her great grandchildren (with Harry favoured over William). As well as gifting things will alive.

The Queen will have done exactly the same. Andrew and Harry aren’t skint. They’re not as wealthy as Charles, but they were never going to be, that’s just not news.

I'm starting to see where the spares anger and the supposed genetic pain comes from. You are entirely beholden to the monarch and the heir. They have to follow the rules and protocol but don't get the massive wealth the heir does and you spend your life being lesser because of your order of birth.

Perhaps he'd like to swap with me - I'm the elder sibling - of a working class family with naff all to inherit 😃

I'm starting to see where the spares anger and the supposed genetic pain comes from

There's only one spare banging on about being hard done by & as he's a multi millionaire I find it hard to feel sorry for him

Of course I'd rather be filthy rich but they aren't brought up in a normal life. They are privileged since the day they were born.. The difference is you always know you are less important and you will always have to defer to the monarch, ask permission, ask for money. I imagine the queen would have been more generous to her children than Charles will be. That must be quite hard to deal with.

It's in the press Andrew might also do a tell all interview for money so not just him.

Hope it goes better than his last interview!

It's a racist and sexist institution, this information is surprising why .... ?

I imagine the queen would have been more generous to her children than Charles will be. That must be quite hard to deal with.

Why would you think that? The Queen had four children to provide for, Charles only two.

The Queen's will was sealed, so it's all speculation from a journalist and no need to feel sorry for Harry, the millionaire.

"As a court was told during a legal battle over Princess Margaret’s will: "The primary reason and purpose of sealing royal wills is to protect the privacy of the sovereign.”

In 2021, the High Court ruled that the Duke of Edinburgh’s will was to remain secret for at least 90 years to protect the “dignity and standing” of the Queen. Before this time, royal wills remained sealed indefinitely.

I absolutely agree with you , a few generations of sharing out the wealth and the Monarch wealth would be gone . Especially if one of them liked racing horses .

We’d know if the Queen, or Philip, had paid IHT.

It would leak, or be leaked deliberately in a PR “look at us paying when we don’t have to” thing.

Rich people stay rich by doing things in the most cost and tax efficient way they can so there’s no chance they did anything other than the transfers from Philip to the Queen, and the Queen to King.

The rest of the family would all have known that well in advance.

I mean, Andrew might be huffing at the tightened purse strings, but his brother is still effectively going to pay for everything. Even he isn’t stupid enough, I don’t think, to sell out on that. He’ll moan and whinge a lot no doubt, but I don’t think we’ll see a sell out interview. His housing and any inclusion at family events are now solely in his brothers hands.

It's passed down monarch to monarch to avoid tax. I'm sure they have worked out/been advised ways to then filter it out to other family members in some way. As the RF is worth hundreds of millions of pounds (which frankly they didn't actually earn) I can't get too worked up about some members potentially missing out

Crown Estates and private wealth are two separate things. The Queen has passed down her assets to Charles such as art, jewellery, properties, her stable of race horses (which he has already sold) and, I am sure, a very healthy bank balance. And, unlike the rest of the UK, all tax free. Crown estates are technically owned by the monarch and their heir so can be harvested but not sold off. The RF private wealth might eventually dissipate if it was badly managed except for the fact it is constantly generously topped up.

Tax free? Are they exempt from inheritance tax?

Tax free? Are they exempt from inheritance tax?

There's no inheritence tax paid on money left from monarch to monarch. A monarch leaving to anyone else is liable for tax. Money left to the monarch by anyone else is liable for inheritence tax. That's why the RF leave things in trusts for their children and grandchildren. Both Prince Philip and the Queen Mother paid inheritence tax. Prince Philip might not, of course, if he left his money to his wife, of course.

Harry will be well sorted with millions of pounds, regardless of whether he stayed with the family or not. He won't see his inheritence disappear into care home fees like some of us do. So I'm not crying for Harry.

Yes the monarch is exempt from inheritance tax which is 40% in the UK.

When the Queen Mother died she left her £50m estate to the Queen who was then able to save around £20m in taxes.

The monarch doesn't pay the full amount of standard taxes either. The Queen, under public pressure, opted to pay income tax on selected income and Charles is going to do the same. The Sovereign Grant, which covers some of their official running costs, staff and Royal palace maintenance, is tax exempt.

Consort to Sovereign is exempt from IHT in the same way Sovereign to Sovereign is.

Neither the QM nor Philip will have paid IHT as they left it to the Queen.

If you want to feel sorry for rich people, you could feel sad for all the first-born women who miss out on positions, money, power because of primogeniture (ie because of their sex). Or the widows whose mansions and land pass to their sons.
The landed gentry have lots of conventions, financial decisions and traditions that could seem 'unfair' to someone with no knowledge of the system. But those within it know exactly how it works and how they ultimately benefit.

Yes, you're right, sorry. I guess the queen mother could pass on the money her husband, a previous monarch, left her so was exempt. Prince Philip would have paid IHT on any money he left other than to the Queen. Because married couples don't pay IHT.

The Succession to the Crown Act 2013 replaced male-preference primogeniture with absolute primogeniture for those in the line of succession (born after 28 October 2011), but this is still not the case with hereditary peers. It's sexist and maintains male dominance in the House of Lords.