Posted by Ashdean on August 30, 2016, 4:11 am, in reply to "Death Taxes"
Capital Transfer or Inheritance Tax is 40% of everything over £335,000 apart from between spouses in UK. I am sure the Queen will not buy the tiara despite its history as her being seen to spend so much money would in these difficult times be not very wise... perhaps if the price had not been known it would have been another story... then again £6 million is not a small sum and the Queen does not despite great wealth have limitless funds and has a large family none of whom have married into wealth to provide for.. It is a great pity that a deal could not have been made by the Lascelles family with the government to accept the tiara in lieu of taxes as is often the case with works of art... perhaps they tried and were not happy with the offered amount... who knows..
--Previous Message-- : This is one of the unfortunate side effects of : the high death duties in the UK. I believe : it is something close to 50%. This has : resulted in a number of very valuable items : (paintings, furniture, etc.) being sold and : going out of the country. : : I realize taxes are a way to redistribute : wealth, but it seems unfair to lay taxes on : items that have already been taxed in the : previous generations. :