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.

Maybe, In the interests of fairness, Harry should give equal shares of his inheritance from the Queen Mum to his brother and cousins.

I'm pretty sure that had Harry not had the massive falling out with his father & brother that they would both have ensured he was set up in a massive pile, paying a pittance of a rent, with security and perks, and not be worrying too much about money tbh.

So it's just tax avoidance.

We need to close this loophole!

Castle of Mey and Highgrove aren’t privately owned.

Mey is in trust and Highgrove is Dutchy of Cornwall owned.

Yes, you're right. Castle of Mey was privately owned by the QM, it was changed when the Queen inherited it. I forgot Highgrove was like Dumfries House.

The QM set up the trust for Mey before she died. It was (cleverly or sneakily depending on opinion) never included in her will or inherited as it was all set up by then

Charles is president of the trust and has been since it was set up.

Surely this isn't cash in the bank, like a windfall you can spend like a lottery win?

Isn't it all about properties and land and assets etc?

Does the article mention actual cash?

Harry got a £21million inheritance from his mother but £8 m was paid in inheritance tax, so left with about £13million.

It’s all of the Queen’s private possessions and funds.

Cash. Investments. Properties. Art. Jewellery. Racehorses.

Anything that she owned personally is his.

She was a very wealthy woman. So he is now a very wealthy man.

He’s also now responsible for the monarch bit of Crown Estates - like who lives in which properties.

Those he doesn’t own personally. Just basically has charge of for the duration of his reign.

Do you know if it was split equally with William? Or did she leave more for Harry for this reason?

I'm guessing nobody really knows though.

@purpledalmation obviously money and investments as well not just assets. At least £400 million in total. I remember there was a fuss a few years ago about the Queen having offshore bank accounts (Cayman Islands?). Not sure what happened once it came to light

There are things the monarch 'owns' by being monarch like Buckingham palace and the crown jewels.

Of course they get passed monarch to monarch.

Then thing are things owned personally.

The queen will have left plenty to other family members.

There is the monarchs estate that goes from monarch to monarch - Windsor Castle, Buck Palace, the jewels, the art, associated land etc

Its has been like this for hundreds of years - why the fights etc down the centuries?

Then there is the Queens private estate - she had money & assets in her own right that she could distribute as she wanted. Presumably to her other children (not Charles) grandchildren etc

Fuck any of their anger and entitlement. I’m more angry that they don’t pay the tax others do, others that have usually worked hard for their money.

Most of the properties/land/jewels are Crown Property. They own Balmoral, Sandringham, Castle of Mey, Highgrove privately.

Not Crown Estates but her enormous private wealth passed on to Charles and so avoiding IHT

This. The crown estate is huge precisely because it doesn't get split.

The queen will have left plenty to other family members

No she won’t. Not in a will like you or I would.

To be exempt from IHT personal things - Balmoral, Sandringham, cash, investments, horses, everything - goes sovereign to sovereign.

So she left everything to Charles. That way no tax due. Not a penny.

Leaving things to anyone else - children, grandchildren - means tax due.

No doubt, like QEQM, she’ll have gifted things and set up trust funds while she was alive, but the only person that will have inherited in her will will be Charles.

Also I read that Harry's children aren't invited to the coronation but Camilla's grandchildren are. You can see exactly why he's angry with the whole situation.

@StripeyDeckchair the bulk went to Charles to avoid IHT

Camilla’s grandchildren are teenagers.

Louis won’t be at the coronation either yet there’s no hand wringing comparisons being made there.

Harry’s kids are too young to be involved.

Then there is the Queens private estate - she had money & assets in her own right that she could distribute as she wanted. Presumably to her other children (not Charles) grandchildren etc

She could have left it to anyone.

The only way to avoid IHT was to leave it all to Charles, so that’s what she did.

Yes two toddlers at the Coronation, not so good

I didn’t know anything about this, but it’s exactly how I would expect it to work. This is wealth to be managed, not for spending.
It looks to me no matter how much money Harry is bringing in, it’s not enough for them. They want the full royal life and someone to pay for it.

The Crown Estates are only technically owned by the monarch or his/her heir providing an income - they can't sell it off. The (at least) £400M that was passed down to Charles was private wealth and was exempt from IHT. You know the 40% everyone else has to pay.

I’d rather have 5 million and not have to be king than 350 million and have to be king where every day of your life is effectively written for you.