Prince Harry avoids inheritance tax on huge £7million gift – here’s how
The Duke of Sussex is poised to avoid inheritance tax on a £7million fortune.
Prince Harry was gifted the funds on his 40th birthday last month and experts have predicted he won’t pay anything in tax.
It’s an installment of his great grandmother the Queen Mother’s £19million trust fund, and experts say it will make Harry around £7million richer.
Investment firm Stocklytics, say the Royal Family has avoided normal tax rules because of the way the Queen Mother’s estate was planned and her longevity.
Financial experts from the firm said: “With Prince Harry set to receive the final instalment of the Queen Mother’s trust fund, valued at £19 million, many Brits may be asking how much inheritance tax he’ll pay – especially as the latest judicial reviews have cost the taxpayer £500,000 each.
“However, due to the way the Queen Mother’s estate was planned and how long she lived, it is likely HMRC will not receive a penny in inheritance tax.