© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

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

King Charles will not pay tax on the fortune he has inherited from the late Queen, although he has volunteered to follow his mother’s lead in paying income tax.

Under a clause agreed in 1993 by the then prime minister, John Major, any inheritance passed “sovereign to sovereign” avoids the 40% levy applied to assets valued at more than £325,000.

Continue reading…

Related posts

Trump declares administration ‘just getting started’ in address to Congress

AEA3

Nearly 2m public sector workers close to quitting over pay, says TUC

AEA3

Tory MP Dehenna Davison ‘overwhelmed’ with support after saying she is bisexual

AEA3

Pin It on Pinterest

Share This