Why Prince William has not revealed how much tax he pays.

[ShenandoahRiver]

From Hello magazine of all places!
https://www.hellomagazine.com/royalty/841341/why-prince-william-not-revealed-how-much-tax-royal-finances/

IHT is presumably charged on private assets/trusts passing under will or intestacy. Forgive me if I am missing something or am ignorant, but I cannot understand why there is an exemption from Monarch to Monarch on everything they own personally.

Surely all they will leave behind are their private holdings so the likes of Windsor Castle/Great Park land and properties etc. (Crown Estate owns them) won't incur IHT. Therefore they should pay IHT on their OWN assets. If any of their "forever" homes/paintings/jewels/racehorses need to be sold to pay it, so be it. Or are these assets (in private hands) too valuable to be sold off to the highest bidder. Something rotten in the State of Denmark if so, given that we have no access to them do we?

What am I misunderstanding here please? I'm open to chastisement if I haven't realised something fundamental here.

l am an American and l love the Royal Family sounds like you all got up out of the wrong side of the bed today. l think you have more dire problems in England than worrying about how much tax he pays, its really none of your business.

🥱

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Makes you wonder if he would prefer to see the end of the monarchy, the way he and his wife do the bare minimum of work and engagements and extract the maximum from his Duchy and related perks.

@DaphneduM I think this is how the monarchy will end, when they decide they no longer want to do the job. Then they'll slink off with swathes of enormous wealth and we'll never know how much they take with them. We absolutely need complete insight into the Royal finances so that they can be appropriately redistributed.

I think he'd like to see the end of the parts where they have to meet and greet the crowds and stuff like that. Let's face it, him and Catherine barely do anything of that kind.

He has his pet projects and he seems to just want to stick to them.

Which is fair enough on the one hand because who wouldn't.

But there is a point to them getting money for upkeep and being out and about, and it's not on to shirk that but still get the money and put it towards what you want to do.

If they're funded the government should give them a set amount, which increases with inflation, not a % of Duchy profits, and tell them 50% is for upkeep of palaces etc, and 50% is for being seen out and about, with a set number of public engagements per month that have to be undertaken in various parts of the country.

There was a podcast I listened to the other day which said the time when we'll have a chance to meet the monarch and the working royals is over as William is showing us he intends to be a lot more invisible.

I don't personally have an interest in seeing them but others do and it's those others who are the bedrock of monarchial support.

Absolutely!

They wheel out the kids when they need to shore up support
Silly videos, Charlotte holding a football, George cheering on a football match
It's all contrived and designed to pull at the heartstrings

This rings a bell to me too!

Good post

You are totally right. They are so protected financially that there is no reason why they should not pay IHT

Their eye watering wealth will never ever be eroded by paying what the rest of us do - inheritance tax. I find it appalling they don't.

Weird

It's totally OUR business
Not yours

Queen Victoria had a lot of issues when she disappeared after Albert's death for decades. Republicanism increased quite a bit!

William might do well to consider his level of visibility, as well as his taxes.

Especially when younger people (of whomever a high percentage wonder why we have a monarchy) keep replacing the more royalist older people.

There was a podcast I listened to the other day which said the time when we'll have a chance to meet the monarch and the working royals is over as William is showing us he intends to be a lot more invisible

That'll do for them, too. People keep saying what a superb king William will make but personally I think he'll behave much more like oligarch.

We need to rethink the while thing and ought to be a republic, but I don't think our national psyche is strong enough to withstand the identity change currently.

Wnat a wise post. Totally agree

There will be no changes except more invisibility. The British public can't stomach any more change after Brexshit so William is on a winner.

Do less. Send out saccharine videos twice a year. Job done ✅

With his 'subjects' are about to face increases in taxes which for some will send them over the edge as they wont be able to afford it, having to hear how the broadest of shoulder should carry the burden well he has the broadest shoulders of us all and yet he isn't paying his fair share in taxes. Its so disgusting, which is why you are seeing the backlash aboit the lack of transparency of their finances.

Its an absolute slap in our faces when you have them preaching how they are just like us and how they don't want to do much work yet they aren't like us they dont pay the right amount in tax and they are basically wanting to scrounge off the back of theirs subjects to keep them in their lifestyle without working for it.

Maybe focus on the politics amd dire problems back in your country instead of ours which you clearly demonstrated knowing very little about.

I think you’ve got more dire problems in America to be worrying about, then what is being posted on the Royal Family forum of Mumsnet.

But hey ho.

Its an absolute slap in our faces when you have them preaching how they are just like us and how they don't want to do much work

Can we have the reference for that please?

The seabeds that you mention are owned by the crown estate.

They were annexed by E2 who had 'seen something' about the CE taking over the rights to land under the sea in the 1960's and inexplicably got handed them.

https://www.theguardian.com/environment/2021/feb/05/how-the-queen-came-to-own-the-seabed-around-britain

I think this is how the monarchy will end, when they decide they no longer want to do the job

I think they've already decided they don't want the job.

Just the perks.

Royal with a small 'r' until it comes to slimming down the take.

Absolutely this!

Our spineless MPs have let us all down! Too much deference and obsequiousness and waiting for a gong!

Yes William has said in an interview he wants to Royal with a small 'r'.
I would LOVE to know what he means by that

Do less?
Not show their faces so much?
Be one of the people?
Slim it down so much they have to receive less dosh?

Royalty with a small R shouldn't exist. Either they expect people to pander to their desire for perks and unaccpuntability or they're normal people.

Is that the Royal 'we'? 😉

I would be shocked if he paid anything personally because his inheritances are tied up in offshore trusts.

If someone refuses to disclose how much, despite his father having done so for a long time, it is obvious he is not paying the full amount. Could be £3.50 for all we know

Sorry - please may I? 😂