Should the new King Charles pay inheritance tax?
The Duchy of Lancaster, which will be passed down to him from his mum, Queen Elizabeth II, is worth an estimated £652m.
Normally someone of Charles' wealth would have to pay 40% of that to HMRC, but he’s the beneficiary of an exclusion introduced by then PM John Major in 1993 which makes the monarchy exempt
Host Adrian Goldberg hears from two top guests:
Stephanie Brobbey, founder and Chief Exec of the Good Ancestor Movement, which supports wealthy individuals to redistribute their cash in a socially conscious way...
And Symon Hill, who was arrested in Oxford after shouting “who elected him?” at the proclamation of Charles accession to the throne.
Produced in Birmingham by Adrian Goldberg.
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Should King Charles Pay Inheritance Tax?