One of the ways in which the Windsors have always “punished” Prince Harry is through their years of financial abuse. That man was well into his 30s before he even understood what was happening, he thought it was completely normal that he was shuttered off to servant’s quarters and dilapidated shacks, that he was told he couldn’t marry Meghan because his father “couldn’t afford” her, that he did events with holes in his shoes. Well, I’ve wondered (for a while) if Prince Philip left all of his grandchildren some money in his will, but that information won’t become public for another 97 years or so. Now the Ephraim Hardcastle column in the Mail suggests that there could be some drama with Harry and the inheritance tax?
Rishi Sunak’s dithering over the possible abolition of inheritance tax commands the full attention of Prince Harry. Although living in California, he is officially domiciled in the UK. Any inheritance he might have received from the Queen and Prince Philip and, in due course, his father could be taxable. Should he change his domicile, he would need to sever most ties with the UK. The advantage for him is the absence of a US federal inheritance tax. Only six states impose their own. California isn’t one of them.
The late Queen, to avoid any inheritance tax, is believed to have left everything to Charles with a separate set of instructions as to whom she wishes to be given what. That way the taxman can’t get his pound of flesh. In 1993 then PM John Major agreed that bequests made from sovereign to sovereign were exempt from inheritance tax. However, there is no legal obligation on Charles to carry out his mother’s wishes when passing on bequests.
So it could be up to William eventually to decide whether to pass on any of his father’s largesse he might leave to Harry. With fraternal relations in the freezer, it might not be a foregone conclusion.
I don’t understand any part of this…? Harry isn’t officially domiciled in the UK, he was evicted from Frogmore Cottage (his sole UK home of record) and he’s been living full time in California for three and a half years. I would assume that Harry is also in the process of applying for a green card, although that’s never been confirmed. Surely whatever Philip left Harry has already been allocated and whatever inheritance-tax penalties have been applied, although I kind of believe that Philip found a way to avoid it. As for QEII’s extraordinary wealth, it all went to Charles, and when Charles dies, it will all go to William. None of that involves Harry whatsoever. Besides, Harry is making his own money now.
Photos courtesy of Avalon Red, WENN.
- The Funeral of His Royal Highness The Duke of Edinburgh took place 1500hrs on Saturday, 17th April 2021. St George’s Chapel Windsor Castle precincts. The Pall Bearers: The Prince of Wales and The Princess Royal, The Earl of Wessex and Forfar, The Duke of York, The Duke of Sussex Mr. Peter Phillips, Duke of Cambridge, The Earl of Snowdon, , Vice Admiral Sir Tim Laurence Personal Protection Officer, and Private Secretary,Image: 606159635, License: Rights-managed, Restrictions: , Model Release: no, Credit line: Arthur Edwards. Staff / Avalon
- WINDSOR, ENGLAND – APRIL 17: Prince Charles, Prince of Wales during the Ceremonial Procession during the funeral of Prince Philip, Duke of Edinburgh at Windsor Castle on April 17, 2021 in Windsor, England. Prince Philip of Greece and Denmark was born 10 June 1921, in Greece. He served in the British Royal Navy and fought in WWII. He married the then Princess Elizabeth on 20 November 1947 and was created Duke of Edinburgh, Earl of Merioneth, and Baron Greenwich by King VI. He served as Prince Consort to Queen Elizabeth II until his death on April 9 2021, months short of his 100th birthday. His funeral takes place today at Windsor Castle with only 30 guests invited due to Coronavirus pandemic restrictions.,Image: 606163234, License: Rights-managed, Restrictions: , Model Release: no, Credit line: Leon Neal / Avalon
- The Duke of Sussex attending the funeral of HRH Prince Philip, The Duke of Edinburgh. St George’s Chapel, Windsor Castle. 17/04/2021 Camera Press Rota,Image: 606174209, License: Rights-managed, Restrictions: NO UK USE FOR 48 HOURS, Model Release: no, Credit line: David Dyson / Avalon
- Image Licensed to i-Images Picture Agency. 17/4/21. Windsor. Prince Harry, the Duke of Sussex at the funeral of Prince Philip, The Duke of Edinburgh, at Windsor Castle.,Image: 606177076, License: Rights-managed, Restrictions: NO UK USE FOR 48 HOURS, Model Release: no, Credit line: Stephen Lock / i-Images / Avalon
- ‘Our Planet’ World Premiere held at the Natural History Museum Featuring: Prince Charles, Prince Harry Where: London, United Kingdom When: 04 Apr 2019 Credit: WENN.com
- Prince Harry walking in the procession at Windsor Castle, Berkshire, during the funeral of the Duke of Edinburgh., Credit:Victoria Jones / Avalon Where: United Kingdom When: 17 Apr 2021 Credit: WENN/Avalon *****ONLY AVAILABLE FOR AGREED WENN SUBSCRIPTION DEALS*****
- The Funeral of the Duke of Edinburgh at Windsor Castle . The Duke died at Windsor Castle aged 99 on April 9th 2021 Prince Charles, Prince of Wales, Credit:Ian Vogler / Avalon When: 17 Apr 2021 Credit: WENN/Avalon *****ONLY AVAILABLE FOR AGREED WENN SUBSCRIPTION DEALS*****
- Prince Charles front centre leads the mourners attending the funeral of HRH Prince Philip, The Duke of Edinburgh. St George’s Chapel, Windsor Castle. 17/04/2021. At his side Princess Anne the Princess Royal, behind left Prince Andrew, Prince Harry and Prince William Camera Press Rota, Credit:David Dyson / Avalon When: 17 Apr 2021 Credit: WENN/Avalon *****ONLY AVAILABLE FOR AGREED WENN SUBSCRIPTION DEALS*****
- Prince Charles, Princess Anne, Duke of York, Earl of Wessex, Duke of Cambridge, Mr. Peter Phillips and Vice Admiral Tim Lawrence attending the funeral of HRH Prince Philip, The Duke of Edinburgh. St George’s Chapel, Windsor Castle. 17/04/2021 Camera Press Rota, Credit:David Dyson / Avalon When: 17 Apr 2021 Credit: WENN/Avalon *****ONLY AVAILABLE FOR AGREED WENN SUBSCRIPTION DEALS*****
- WINDSOR, ENGLAND – APRIL 17: Prince William, Duke of Cambridge, Prince Andrew, Duke of York, Prince Charles, Prince of Wales, Earl of Snowdon David Armstrong-Jones, Peter Phillips, Vice-Admiral Sir Timothy Laurence and Prince Harry, Duke of Sussex during the funeral of Prince Philip, Duke of Edinburgh at Windsor Castle on April 17, 2021 in Windsor, England. Prince Philip of Greece and Denmark was born 10 June 1921, in Greece. He served in the British Royal Navy and fought in WWII. He married the then Princess Elizabeth on 20 November 1947 and was created Duke of Edinburgh, Earl of Merioneth, and Baron Greenwich by King VI. He served as Prince Consort to Queen Elizabeth II until his death on April 9 2021, months short of his 100th birthday. His funeral takes place today at Windsor Castle with only 30 guests invited due to Coronavirus pandemic restrictions., Credit:Leon Neal / Avalon Where: United Kingdom When: 17 Apr 2021 Credit: WENN/Avalon *****ONLY AVAILABLE FOR AGREED WENN SUBSCRIPTION DEALS*****
- (Front from L) Britain’s Prince Charles, Prince of Wales, Britain’s Princess Anne, Princess Royal, Britain’s Prince Andrew, Duke of York, Britain’s Prince Edward, Earl of Wessex, Britain’s Prince William, Duke of Cambridge, Peter Phillips, Britain’s Prince Harry, Duke of Sussex, Britain’s Earl of Snowdon and Vice Admiral Timothy Laurence, march behind th coffin during the ceremonial funeral procession of Britain’s Prince Philip, Duke of Edinburgh to St George’s Chapel in Windsor Castle in Windsor, west of London, on April 17, 2021. – Philip, who was married to Queen Elizabeth II for 73 years, died on April 9 aged 99 just weeks after a month-long stay in hospital for treatment to a heart condition and an infection., Credit:JUSTIN TALLIS / Avalon Where: United Kingdom When: 17 Apr 2021 Credit: WENN/Avalon *****ONLY AVAILABLE FOR AGREED WENN SUBSCRIPTION DEALS*****
- Prince Charles and Prince Harry at the World Premiere of Netflix’s Our Planet at the Natural History Museum, Kensington, London on April 4th 2019