Inheritance tax

[cantaloup63]

Who actually owns the royal estates - palaces, grounds, castles etc?

 

[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.

 

[cantaloup63]

Can I put all my stuff into trust too, and avoid inheritance tax?

 

[Deleted member 63160]

You could try but would be exhumed and pinched for tax evasion.

 

[Inky Pete]

Can I put all my stuff into trust too, and avoid inheritance tax?

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.

 

[Diyisfun]

Can I put all my stuff into trust too, and avoid inheritance tax?

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

 

[linbut]

Who actually owns the royal estates - palaces, grounds, castles etc?

Some are owned by the state. Some are owned by Her Majesty. Google is a marvelous thing.

 

[conny]

Blame Henry VIII. He sacked the monasteries and kept all the taxes for himself. (Just been watching Tony Robinson. )