King Charles Avoids Paying Inheritance Tax On The Fortune He Inherited From The Queen

[Angela Channing]

During her lifetime the Queen amassed a massive personal fortune estimated to be in the region of £625 million which Charles is set to inherit however he won't pay a penny of inheritance tax like the rest of the public. This is separate from the Crown estate which is owned by the public.

By law, inheritance tax is paid at 40% on assets valued above £325,000 that are left to your heirs however the Queen negotiated an exemption so Charles will avoid having to pay anything.

King Charles will not pay tax on inheritance from the Queen

Monarch is exempt under 1993 agreement but Charles will pay income tax as his mother did

www.theguardian.com

 

[Willie Oleson]

What's the point if it's all going back to him?

 

[Angela Channing]

What's the point if it's all going back to him?

The point is that it shouldn't go back to him.

We had to pay inheritance tax on my mother's estate when she died a few years ago, why should the Royals be allowed to negotiate an exemption?

 

[Willie Oleson]

Could 40% of 625 million be too much? They may be very rich but that doesn't necessarily mean they have tons and tons of cash lying around.
Perhaps he'd have to sell properties and (gasp) diamonds. And that's not very king-like.

 

[Angela Channing]

Could 40% of 625 million be too much? They may be very rich but that doesn't necessarily mean they have tons and tons of cash lying around.
Perhaps he'd have to sell properties and (gasp) diamonds. And that's not very king-like.

That's what everyone else has to do. We had to sell our family home to pay the inheritance tax bill on my mother's estate.