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Posted by Henri M
on July 17, 2012, 11:39 am, in reply to "Re: The expensive jewel gifts from different countries"
24.132.211.247 | Message modified by user Henri M July 17, 2012, 11:40 am
The Dutch Royal House has created two separate legal entities for these gifts. This means that not a natural person but the legal entity, the foundation, is the owner of these gifts. These foundations are exempted from inheritance rules and succession taxes as non-natural persons can not die.
Foundation Official Gifts of the House Orange-Nassau
Founded 2007
Chair: H.R.H. The Prince of Orange
Registration Number 27309679
Purpose: "To collect, maintain and manage properties which were offered to Her Majesty Queen Wilhelmina or are or will be offered to a descendant of the beforementioned or to a spouse of a descendant of the beforementioned". The Foundation can not sell or dispose in another way the properties placed into its ownership.
Foundation Royal Gifts
Founded 2007
Chair: H.M. The Queen
Registration Number 27309706
Purpose: "To collect, maintain and manage properties which were or are offered to the bearer of the Crown of the Kingdom of the Netherlands in the framework of the functioning as head of state of the Kingdom of the Netherlands, or are offered for the occasion of a State Visit, an Official Visit or another event". The Foundation can not sell or dispose in another way the properties placed into its ownership.
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