Why King Charles Will Pay Zero Inheritance Tax On The Queen S Private Estate
In addition to the official crown estate, Queen Elizabeth has amassed tens of millions of pounds in her own cash and assets – much of it from art and racehorses. Most people pay inheritance tax of 40 per cent on anything they inherit above a threshold of £325,000 – meaning the monarchy would be on the hook for millions and the Treasury would face a windfall. However, King Charles is not liable for a penny due to an agreement negotiated between the Crown and John Major’s government in 1993, effectively exempting the monarch from situations like this....