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King Charles III inherits tax-free assets of millions

2022-09-15T10:04:04.322Z


King Charles III does not have to pay taxes on his inheritance. You can read here which other heirs are expected to be taken into account by Queen Elizabeth II.


King Charles III

does not have to pay taxes on his inheritance.

You can read here which other heirs are expected to be taken into account by Queen Elizabeth II.

How rich Queen Elizabeth II actually was cannot be said.

According to

MDR

, however, it is assumed that her fortune should have increased by more than 100 million euros in the past decade alone, because she received around 14 million euros from her late husband Prince Philip and more than 90 million from her late mother Euro.

Queen Elizabeth II is also said to have speculated on the stock market, so the value of her shares in British companies is estimated at 100 million euros, as reported by

Forbes

King Charles III

inherits tax-free assets of millions from Queen Elizabeth II.

Queen Elizabeth II's fortune is divided into private property and property of the "Crown Estate".

The latter is administered by the British state and automatically transferred to the heir to the throne.

According to

T-Online.de

, this includes, for example, the Ascot racecourse, parts of the Regent Street shopping mile, Buckingham Palace and Windsor Castle.

+

King Charles III

does not have to pay tax on the inheritance he receives from the death of his mother, Queen Elizabeth II.

© Henry Nicholls/dpa

Thanks to former Prime Minister John Major, King Charles III.

not pay taxes on his inheritance.

In 1993 it was decided that the heir to the throne or heirs to the throne of the British Crown would not have to pay any inheritance tax, as

reported

by Hna.de.

Otherwise, the fortunes of the British royal family would diminish over time.

However, this is dependent on it in order to remain financially independent of the British state.

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Death of Queen Elizabeth II: who inherits what?

The will of Queen Elizabeth II was not published, nor was Prince Philip's will, which will probably be kept locked in a vault for 90 years together with the wills of 30 other royals, as

T-Online.de

writes.

Who according to the report inherits what from the British Queen, read below.

Queen Elizabeth's Legacy:

  • King Charles III

    the Duchy of Lancaster, including extensive estates, especially in Central England, as well as companies in London, were already automatically transferred.

    Although Buckingham Palace cannot be inherited, King Charles III.

    and his wife Camilla move in.

    King Charles III leaves his eldest son and heir to the throne Prince William.

    the Duchy of Cornwall and Windsor Castle.

  • What will happen to Queen Elizabeth II's other residences is not yet clear.

    For example, Balmoral Castle in Scotland is to be converted into a museum.

    Nor is it known what will happen to Queen Elizabeth II's jewels.

    Since the Crown Jewels are not privately owned, they are automatically passed from sovereign to sovereign.

    It is believed that the Queen's remaining jewelry will be divided among those closest to her.

    You can read here which two pieces of jewelry are not inherited but buried with Queen Elizabeth II.

  • Harry and Meghan are likely to get Frogmore Cottage, where they lived until they moved to the US.

    However, as the cottage is also part of the Windsor Castle estate, it is part of the Crown Estate.

  • Whether Prince Andrew will inherit anything is questionable.

    Because of the Epstein scandal, the Queen's son has been relieved of all patronage.

Read here what happens to the banknotes and coins after the death of Queen Elizabeth II.

List of rubrics: © Henry Nicholls/dpa

Source: merkur

All life articles on 2022-09-15

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