The Wrap Up: King Charles Avoids Paying Taxes on $750 Million Estate
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 21 September 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
In this Wrap Up we talked about King Charles avoiding taxes on a $750 million estate that was passed down to him from Queen Elizabeth. #kingcharles #uk #royalfamily
Link to episode: https://youtu.be/sH37Kad0F1k
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Transcript
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| 0:00.0 | Let's get into this. |
| 0:02.0 | If I can, I want to start with something that I sort of |
| 0:06.0 | Smorning and I'm a tide is all into to experience that we have |
| 0:10.0 | Coming up. So I think by now we all know that Queen Elizabeth passed |
| 0:16.0 | Away. So obviously there's changes that are being |
| 0:22.0 | Made not that she's no longer living right. So one of the things |
| 0:26.0 | That's interesting is that you know the British Empire and you know is |
| 0:30.0 | Even though they're not in full control of the a lot of these colonies |
| 0:34.0 | That they had they still are under the rule shine actually talked to us about that when we interviewed him at our |
| 0:40.0 | Buzel last year. So I believe Jamaica is still under the rule of Britain. It's like |
| 0:46.0 | 13 countries Canada Australia and New Zealand. |
| 0:50.0 | So they got to change their money because they have that they have the queens face on the |
| 0:54.0 | Money so now they have to change their money. It's a whole it's a whole yeah. Okay. |
| 0:57.0 | Drowsy on the phone and yeah, you know King Charles the third. So one of the things that's |
| 1:02.0 | Interesting is you know is always it's always some money involved in this whole situation. So |
| 1:08.0 | Britain business insider reported that King Charles has inherited I believe I'm |
| 1:14.0 | Saying this correctly. I hope I'm not I hope I'm not missing it. The Ducy of landcaster |
| 1:20.0 | State and that is valued at $750 million now. He inherited that from Queen Elizabeth. Now what's |
| 1:30.0 | Interesting about this is that there's no inheritance tax on the state due to a rule introduced by the UK |
| 1:38.0 | Government in 1993 to guard against the royal family's assets being wiped out if two monarchs were to die in a short period of time. |
| 1:49.0 | Now the Ducy a state generated an income of $27 million last year for the Queen and to put it in perspective. |
| 2:00.0 | The estate has 45,000 acres and it consists of land holdings buildings a commercial real estate across the UK and you know a luxury hotel. |
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