Posted by maria Olivia on August 31, 2016, 5:42 pm, in reply to "Re: Death Taxes"
The Duke of Kent sold some Princess Marina jewels. Princess Margaret's Children sold e a the Poltimore tiara and I wander how the Duke of Gloucester's Children will manage their jewels if they have to pay taxes?
--Previous Message-- : 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. : : :