Listen now (23 min) | 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
Should King Charles Pay Inheritance Tax?
Should King Charles Pay Inheritance Tax?
Should King Charles Pay Inheritance Tax?
Listen now (23 min) | 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