Charles III inherited more than 650 million pounds of heritage. Why not pay inheritance taxes?

On September 10, local time, the British Dengli Council officially announced at the San James Palace in London that 73 -year -old Charles III was the British monarch. Charles III was the eldest son of the late queen Elizabeth II and Prince Philip. After becoming the new monarch of the UK, it automatically inherited the inheritance of more than 650 million pounds.

73 -year -old Charles III has become the British monarch

Charles inherited the Principality of Lancatt, worth more than 650 million pounds, and Principality of Lamaster was one of the two existing "Duke Territories" in the UK, and the other was the Principality of Corwol. As the eldest son of Charles, Prince William has become the first heir to the throne, and inherited the title of "Duke of Corwall and the Duke of Corwall" with his wife Kate. Grandpa.

According to public information, the Principality of Landester, which was built in the 13th century, reached more than 18,000 hectares, mainly distributed in Wales and England counties. Royal Church and so on. It is now operating by independent trust agencies to provide income from the British monarch and is not under the jurisdiction of the Royal Property Administration. According to financial records, the Principality of Lamaster brought more than 24 million pounds of income to the queen last year.

The Principality of the Sava Hotel in the center of London

According to British law, the inheritance of more than 325,000 pounds of pounds needs to pay 40%of heritage tax. However, the British Parliament passed a provision in 1993 to avoid tax taxes on the property of the new monarch. The provisions were first implemented in 2002. In addition, a law adopted in 1702 prohibits the monarch from selling any royal assets.

In 1993, the former British Prime Minister, Jie Meijie, said that the situation of the hereditary monarchy was "unique" and needed "special arrangements". He said that monarch's assets may gradually be reduced through the capital tax paid by generations. "I think this is a necessary condition for protecting the independence of the monarchy. I don’t want to reduce this independence in any way. Change the nature of the royal family in this way. "

In 2013, a "Memorandum of Understanding" about the royal taxation also pointed out that the monarch's inherited asset tax payment was "obviously inappropriate." Moreover, the royal family needs "enough private resources" to play its role in national life, and to a certain extent, it can get rid of the government to maintain financial independence. British lawyers said that this exemption aims to "protect the royal wealth from erosion." They said, "The monarch will not work or do business to" increase "their property like ordinary people. If the heritage of the monarch is repeatedly levied on heritage tax, their wealth will be exhausted sharply."

Therefore, Charles III will not have to pay taxes on the Principality of Landester who inherited, which will be exempted from nearly 170 million pounds of taxes. It is reported that the monarch has not obliged to pay any taxes under British law, but since 1993, the Queen has begun to voluntarily pay income tax and capital gains tax for the Principality of Lamaster. It is unclear whether Charles will continue to follow the pace of the queen and pay taxes. It is estimated that King Charles will do this, and he has been actively paying taxes for the Principality of Corwol.

It is reported that in addition to Charles, anyone who inherit private assets from the queen must pay heritage tax. British media estimated in 2011 that the Queen's private wealth reached £ 370 million. It is unclear what Charles has inherited, because the monarch's will is generally disclosed for decades after his death.

Source: Red Star Journalist Ding Wen

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