Charles III will likely be the sole heir to his mother’s fortune: the king has found a way to evade taxes, depriving his brothers Andrew and Edward and his sister Anne of part of the estate.
King Charles III is to be the sole beneficiary of Elizabeth II’s estate. This is reported by the Times and the Daily Mail, which state that the sum at stake is estimated at nearly 650 million pounds sterling. Charles III could have shared the inheritance with his brother Andrew, his brother Edward and his sister Anne, but he preferred to rely on a financial mechanism that gave him a considerable advantage: under a British Inland Wealth Ruling of the royal family, no inheritance tax has to be paid on the assets if these are transferred from “monarch” to “monarch”.
Charles opted for this procedure, which allows the royal money to remain in the hands of the royal family – without a part being returned to the coffers of the State (and the British community). But the transmission from “monarch” to “monarch” is indivisible. No money returned to society and no money returned to other siblings either. A decision that would create some turmoil; according to the Daily Mail, which is based on the words of a relative of Andrew, this one would be “desperate” and would bitterly regret having been deprived of his estate.
With the newspaper, a source from the king’s palace slips all the same that Queen Elizabeth II had “made arrangements” for her other children and that none will have to work hard. “Sovereign grants” are awarded to Charles’s brothers and sisters to “cover their costs”.
