C
cantaloup63
Who actually owns the royal estates - palaces, grounds, castles etc?
D
Deleted member 63160
They're held "in trust" by a fictional entity called the sovereign(ty) or summit.
Avoids any awkwardness with tax. Typical royal get out clause to keep the rich rich.
Avoids any awkwardness with tax. Typical royal get out clause to keep the rich rich.
C
cantaloup63
Can I put all my stuff into trust too, and avoid inheritance tax?
D
Deleted member 63160
You could try but would be exhumed and pinched for tax evasion.
Of course you can, anyone can.
But the trustees of your estate would have to maintain all of your property in its current condition in perpetuity, and your descendents would not be able to sell the assets off and realise their value without being stung for Capital Gains Tax at the time of the sale.
Yes
Maybe read the last link first.
Read here
http://www.inheritancesolutions.co.uk/trusts/what-assets-can-i-put-into-a-trust.html
and here
http://www.makingawill.org.uk/text-trusts-page-128.html
and here
http://www.hmrc.gov.uk/trusts/intro/basics.htm
L
linbut
Some are owned by the state. Some are owned by Her Majesty. Google is a marvelous thing.
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