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Is there an estimate of how much the Crown Estate will pay in estate taxes when the Queen passes?

refenestrator 5y ago
I think it's all technically government property already?
pjc50 5y ago
The UK has inheritance tax for literally everyone except one person passing that estate to her direct inheritors. This is why bringing it up is derailing. (and yes obviously the hereditary monarchy and peerages do not belong in the modern era let alone the 21st century, but changing that in a not especially democratic country is hard)
hn_throwaway_99 5y ago
This question is not made in good faith and I think you know it. The Crown Estate is not the personal property of the monarch, it's essentially just government assets. Who is the Crown Estate going to pay taxes to, itself? Here is a better discussion of the details around the queen's estate tax exemption: https://www.townandcountrymag.com/society/money-and-power/a34242784/queen-elizabeth-royal-family-tax-breaks/ https://www.townandcountrymag.com/society/money-and-power/a3...
- drstewart 5y ago
  >The Crown Estate is not the personal property of the monarch, it's essentially just government assets. Who is the Crown Estate going to pay taxes to, itself? Pretty ingenious way to allow "families to pass wealth from generation to generation, indefinitely, without estate taxes at each death". The UK should do something about that. I hear significant estate taxes are important to a democracy to prevent the rise of a noble class.
  - wongarsu 5y ago
    Good thing then that the UK is a parliamentary monarchy. Having a noble class is kind of built into that system.
    - drstewart 5y ago
      Weird. I was told that even Britain, whose system of inherited wealth and power America's founders were desperate to avoid emulating, now has a significant estate tax
  - d4rti 5y ago
    The Crown Estate does not do this. It is not familial wealth. It arose as a settlement absolving the monarch from personal responsibility for the nation’s finances.
- bogomipz 5y ago
  The monarch does does receive a percentage of profits from those Crown Estate assets though.[1]. I understand that some of this goes to the upkeep of royal palaces but it does invite the question of how many palaces one family needs? Especially when the Queen actually owns Balmoral and Sandringham Castles i.e they are not part of the Crown Estate.[3] I'm curious if anyone knows how or why The Duchy of Lancaster[2] was not included in the The Crown Estate? [1] https://www.bbc.com/news/explainers-57559653 https://www.bbc.com/news/explainers-57559653 [2] https://www.lancastercastle.com/history-heritage/duchy-of-lancaster/ https://www.lancastercastle.com/history-heritage/duchy-of-la... [3] https://www.standard.co.uk/insider/royals/queen-elizabeth-net-worth-royal-family-wealth-money-a4260986.html https://www.standard.co.uk/insider/royals/queen-elizabeth-ne...

I think it's all technically government property already?

The UK has inheritance tax for literally everyone except one person passing that estate to her direct inheritors. This is why bringing it up is derailing. (and yes obviously the hereditary monarchy and peerages do not belong in the modern era let alone the 21st century, but changing that in a not especially democratic country is hard)

hn_throwaway_99 5y ago

This question is not made in good faith and I think you know it. The Crown Estate is not the personal property of the monarch, it's essentially just government assets. Who is the Crown Estate going to pay taxes to, itself? Here is a better discussion of the details around the queen's estate tax exemption: https://www.townandcountrymag.com/society/money-and-power/a34242784/queen-elizabeth-royal-family-tax-breaks/ https://www.townandcountrymag.com/society/money-and-power/a3...

drstewart 5y ago
>The Crown Estate is not the personal property of the monarch, it's essentially just government assets. Who is the Crown Estate going to pay taxes to, itself? Pretty ingenious way to allow "families to pass wealth from generation to generation, indefinitely, without estate taxes at each death". The UK should do something about that. I hear significant estate taxes are important to a democracy to prevent the rise of a noble class.
- wongarsu 5y ago
  Good thing then that the UK is a parliamentary monarchy. Having a noble class is kind of built into that system.
  - drstewart 5y ago
    Weird. I was told that even Britain, whose system of inherited wealth and power America's founders were desperate to avoid emulating, now has a significant estate tax
- d4rti 5y ago
  The Crown Estate does not do this. It is not familial wealth. It arose as a settlement absolving the monarch from personal responsibility for the nation’s finances.
bogomipz 5y ago
The monarch does does receive a percentage of profits from those Crown Estate assets though.[1]. I understand that some of this goes to the upkeep of royal palaces but it does invite the question of how many palaces one family needs? Especially when the Queen actually owns Balmoral and Sandringham Castles i.e they are not part of the Crown Estate.[3] I'm curious if anyone knows how or why The Duchy of Lancaster[2] was not included in the The Crown Estate? [1] https://www.bbc.com/news/explainers-57559653 https://www.bbc.com/news/explainers-57559653 [2] https://www.lancastercastle.com/history-heritage/duchy-of-lancaster/ https://www.lancastercastle.com/history-heritage/duchy-of-la... [3] https://www.standard.co.uk/insider/royals/queen-elizabeth-net-worth-royal-family-wealth-money-a4260986.html https://www.standard.co.uk/insider/royals/queen-elizabeth-ne...