article | Zhou Yuan
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The grand state funeral ended, and the issue of the Queen's inheritance distribution of up to 24 billion pounds has become the focus of people's attention.
As a royal asset, the biggest inheritance of Charles III is the Principality of Lancaster worth more than 653 million pounds.
Lancaster Principality is a private estate of the British monarch. Its main purpose is to provide an independent source of income for the monarch. It is a royal legal entity regulated by the Parliamentary Act and is managed separately from the Royal Manor.
The Principality of Lancaster was established by Edward III in 1265. It is mainly distributed in Wales and the counties of England, and is composed of "commercial, agricultural and residential".
Today, the Principality has more than 18,000 hectares of real estate, including ten castles and the Royal Church of Savoy. Operated by an independent trust agency to provide income to the British monarch and is not subject to the jurisdiction of the Royal Property Office.
District of Lancaster
According to financial records, the Principality of Lancaster brought more than £24 million in revenue to the Queen last year.
At present, after Charles becomes king, he will have at least nine prominent castles under his name, such as Buckingham Palace , Windsor Castle, Balmoral Castle , Sandringham House, etc.
The inheritances inherited by Charles do not require inheritance tax.
1993, then former British Prime Minister John Major passed the exemption of the new monarch from paying taxes on inherited property. While inheriting the throne, the monarch's successor will also inherit the royal wealth without paying an inheritance tax of up to 40% to the British government.
This regulation is to prevent the death of two consecutive generations of royal personnel in the short term, which may cause the royal assets to shrink significantly due to inheritance tax.
Another existing " Duke territory" in the UK is the Principality of Cornwall.
As Charles' eldest son, Prince William has become the first heir to the throne, and together with his wife Kate , he inherited the titles of " Duke of Cornwall and Duchess of Cornwall ", and also automatically inherited the Principality of Cornwall worth 1 billion pounds.
Cornwall's Principality covers an area of nearly 140,000 acres (about 57,000 hectares), most of which are located in southwestern England. William After inheriting the principality, it will become the largest private land owner in the UK.
has seven castles belonging to him in 23 counties in the UK, as well as manors, woodlands, etc., which he can use to operate farms, real estate development and other businesses.
The Principality of Cornwall was established in 1337 by Edward III, with the main purpose of increasing income to the royal heirs (Duke of Cornwall) in order to support their public, private and charitable activities.
The Principality of Cornwall
UK law, the monarch does not have to pay any taxes. However, since 1993, the Queen has begun to voluntarily pay income tax and capital gains tax for the Principality of Lancaster. The British people are more convinced of the Queen.
When Charles was the crown prince, he also took the initiative to pay taxes for the Principality of Cornwall.
It can be foreseen that Charles III should continue to pay income tax and capital gains tax for the Principality of Lancaster, and William will follow in his father's footsteps.
However, whether it is the Principality of Lancaster inherited by Charles or the Principality of Cornwall inherited by William, they can always control the benefits of the Principality, and the benefits they can obtain from it are also limited.
None of them could benefit from the sale of assets of their territory, as Britain passed a law in 1702 that prohibited the monarch from selling any royal assets.
The principalities, manors and castles inherited by Charles and William are all assets of the British royal family, not the Queen's own private property.
The Queen's private property is numerous, with a valuation of at least 500 million, and has never been disclosed in detail to the public. Apart from her trust organization, I'm afraid no one can tell what it is.
For example, her personal investment, her manor, castle, villa, horse farm; valuable art collections, such as porcelain, stamps, famous paintings, etc.; and the queen's beloved horse racing and dogs...
Of course, what people are most interested in is the belonging of the queen's jewelry. After all, the queen is called "the person with the most jewelry in the world". Some of the treasures she owns have been for more than 800 years, and the total value may be as high as 1 billion pounds.
Among them, some of the crowns and jewelry belong to the monarch's assets, which will be directly inherited by Charles. In the future, we will see these precious collections in Camilla.
Other jewelry belonging to the Queen’s private collection. A tabloid revealed that the Queen attaches great importance to her beloved private jewelry and has been considering how to distribute it.
There are rumors that the queen made some modifications to her will when she died, leaving all her 300 pieces of private jewelry worth 100 million pounds to Princess Kate, "Kate is obviously the favorite of the royal family."
If this revelation is true, then Kate will take over most of the Queen's private jewelry, and Camilla and Megan will basically have no share.
Of course, some media speculated that the queen would leave some jewelry to the "most meaningful" people. After all, she has lent a lot of jewelry to other royal women to accompany them through important moments in their lives.
There are many people who secretly speculate that if the Queen gives all the jewelry to Kate, neither King Charles nor Queen Camilla will be happy. After all, this would be too shameless.
Perhaps, another "bloody storm" of the royal family is coming.
As for Megan, who would care? After all, she has left the royal family!
If she wants to complain in the future, then complain, and the cause and effect of planting, just let the public see why the queen doesn’t like her.
It's Lily Bette, I don't know if my mother will be implicated, so I can't get any valuable jewelry. Whether the revelations in
are accurate or not, anyway, you can naturally guess some of the truth of the Queen’s personal jewelry in the future through the wearing frequency of the Queen’s personal jewelry.
Of course, we must not know the queen's final will. The above are all based on the judgment of the queen's public property.
is the same as tabloid reports and is for reference only. (This melon is not ripe!)
The Queen's more detailed property information and how to allocate will will definitely not be disclosed to the outside world.
According to British law, the wills formulated by British citizens before their living conditions should become public documents after obtaining probate to avoid non-compliance in enforcement.
However, the British royal family is an exception.
1910, the British court agreed to the royal family's application to seal the will. The main purpose is to avoid unnecessary scandals or disputes:
, for example, no one can guarantee whether Harry and Meghan will be making all kinds of tricks because of "discriminatory treatment" and talk nonsense on the show. After all, they are familiar with this.
Prince Philip , who died last year, will be sealed for 90 years. It is not known how many years the queen's will will be sealed, but our generation cannot see it anyway.
The era of Queen Elizabeth II has officially come to an end. The era of Charles has just arrived. The monarchy will still face the test in the future. I hope this king will cherish it as much as possible.
