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The "bunch of assets" that the crown effectively surrendered in return for financial dependence on parliament is the Crown Estate, currently worth GBP 8.1 billi
by waitwhat 12y ago
The "bunch of assets" that the crown effectively surrendered in return for financial dependence on parliament is the Crown Estate, currently worth GBP 8.1 billion (USD 13.6 billion).
They also pay tax: "In 1992, The Queen volunteered to pay income tax and capital gains tax, and since 1993 her personal income has been taxable as for any other taxpayer. The Queen has always been subject to Value Added Tax and pays local rates on a voluntary basis." I also assume that she does minimal tax avoidance.
http://en.wikipedia.org/wiki/Crown_Estate http://en.wikipedia.org/wiki/Crown_Estate
http://www.royal.gov.uk/TheRoyalHousehold/Royalfinances/Taxation.aspx http://www.royal.gov.uk/TheRoyalHousehold/Royalfinances/Taxa...
- robin_reala 12y agoShe avoids the 40%-over-£325k inheritance tax normal people have to pay: https://en.wikipedia.org/wiki/Inheritance_Tax_%28United_Kingdom%29#Controversy https://en.wikipedia.org/wiki/Inheritance_Tax_%28United_King...