ChatterBank0 min ago
Inheritence Tax
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With all the talk this week about allowances what happens to the Queen's wealth when she dies? I believe a huge portion is held in artworks and jewellry.
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read all about it.
Basically she pays it like any one alse - but bequests to the new monarch are exempt - ie all the artwork and jewellery probably!
read all about it.
Basically she pays it like any one alse - but bequests to the new monarch are exempt - ie all the artwork and jewellery probably!
I think (and I could be wrong) but a very large portion of the queens wealth is held in trust for the benefit of future monarchs..therefore artworks, jewellry, estates, land etc etc etc just passes from one monarch to the next....there will of course be substantial wealth other than these assets, however im not sure whether she has "volunteered" to pay inheritance tax. You can bet that she has the top solicitors to ensure that her estate will payas little as possible.