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King Charles will not have to pay inheritance tax on the Duchy of Lancaster estate he inherited from the Queen due to a rule allowing assets to be passed from one sovereign to another.

Charles automatically inherited the estate, the monarch's primary source of income, while his eldest son, Prince William, inherited the Duchy of Cornwall estate - valued at more than $1 billion - from his father.

The new king will avoid inheritance tax on the estate worth more than $750 million due to a rule introduced by the UK government in 1993 to guard against the royal family's assets being wiped out if two monarchs were to die in a short period of time, i News reported.

The provision was first exercised in 2002 when the Queen Mother passed on an estate worth about $80 million to the Queen including a collection of Faberge eggs.

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Dozens of Clarence House staff have been given notice of their redundancy as the offices of King Charles and the Queen Consort move to Buckingham Palace after the death of the Queen, the Guardian has learned.

Up to 100 employees at the King’s former official residence, including some who have worked there for decades, received notification that they could lose their jobs just as they were working round the clock to smooth his elevation to the throne.

Private secretaries, the finance office, the communications team and household staff are among those who received notice during the thanksgiving service for the Queen, at St Giles’ Cathedral in Edinburgh on Monday, that their posts were on the line.

Many staff had assumed they would be amalgamated into the King’s new household, claiming they were given no indication of what was coming until the letter from Sir Clive Alderton, the King’s top aide, arrived. One source said: “Everybody is absolutely livid, including private secretaries and the senior team. All the staff have been working late every night since Thursday, to be met with this. People were visibly shaken by it.”

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Originally posted by wtg:
King Charles and the fountain pen.

https://www.indy100.com/news/k...n-calligraphy-expert