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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Can someone explain the rationale/justification for exempting the inheritance of the sovereign’s estate from the 40% inheritance tax that applies to everyone else? Does the sovereign need so much independent wealth to avoid being beholden to any legislator and he truly independent? It doesn’t make sense from a legal or policy perspective.[/quote] There is the concern that if two monarchs die in close succession the whole fortune could essentially be wiped. Also, the RF is asset rich but cash light, which means they’d be forced to sell assets to pay the tax bill. Doesn’t make sense. [/quote] Oh, so they might have to sell one of their 15 castles? Yes, I can see how that doesn’t make sense. [/quote] No it does not make sense for the Brits for their heritage to be bought off by a Qatari or a Russian billionaire. [/quote]
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