King Charles doesn't have to pay inheritance tax on the Queen's private estate worth more than $750 million
The provision was first exercised in 2002 when the Queen Mother passed on an estate worth about $80 million to the Queen including a collection of Faberge eggs.
The clause means that members of the royal family do not have to pay a 40% levy on property valued at more than £325,000 to help protect its assets.state, and the King is now entitled to its income.statesThe Queen began voluntarily paying income and capital gains tax on the estate in 1993 and Charles may decide to follow suit.
The Duchy of Lancaster estate, founded in the 13th century, consists of"commercial, agricultural and residential" properties, including a portfolio of financial investments, according to itsThe Foreshore Survey covers about 36,000 hectares from the river Mersey, on which the city of Liverpool is built, to Barrow-in-Furness in the north of England. It also consists of the Minerals Survey, comprising limestone and sandstone quarries from south Wales to North Yorkshire.
However, most of its income comes from the Urban Survey, which includes extensive commercial property interests in central London such as the Savoy Hotel.
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