Princess Margaret's daughter, Lady Sarah Chatto, lives in a terraced house in Kensington and a farmhouse in Sussex. Both privately owned and neither part of the Crown Estate.
Don’t forget as well, that while Lady Sarah isn’t an immediate royal, she is still the granddaughter of a King and will more than likely have trusts and inheritances from the Queen mum at least.
Without the royal association they wouldn't be living in multimillion pound properties. Do they receive medical care via the royal association too? If not, they most likely get private healthcare with ease anyway.
If there is one thing life has taught me, it’s that those who have The most (in monetary/power terms … and this does not just apply to the RF) pay the least.
So what, so do millions of others inherit wealth in this country, many far more than she did.
Yes they would, they live in private properties, not Crown Estate and not State owned. Millions of people also have private healthcare. Unless you have a leftwing ideological agenda against all inherited wealth and private healthcare, again, so what?
Certainly not true in income tax terms or inheritance tax
TYL, I understand you’re a staunch monarchist and I know a lot on here give you a hard time you over it (I wouldn’t, we are all entitled to our views) but I doubt Sarah Chatto’s terraced house in Kensington is a basic 2 up, 2 down terraced house. I don’t know, but I should imagine it’s more likely a large, listed Georgian townhouse. Yes, it’s still a terraced house but not exactly in the same league as most terraced houses.
Maybe but still privately owned
Yes all those properties are privately owned, but none of them have been bought with a mortgage or from earnings. They are all bought through money being passed round the Royals, none of whom have ever worked, at least not in a capacity that would make that money. Bagshot Park is rented by the Wessexes. I wonder how much the lease cost them? Its an enormous house. Not sure if there's anything that can be done about it. It's just the way it is.
Princess Margaret disposed of an estimated £12 million in assets before her death to avoid death duties - one being her Mustique which she gave to her son who promptly sold it. They estimate that Margaret had £7 million in her will and her children sold a lot of her belongings in an auction after her death.
You scare me.
Me too
Same. I’m just going to concentrate on Major Johnny Thompson.
He looks rather appealingSame. I’m just going to concentrate on Major Johnny Thompson.
Those who have most money are very good at finding tax avoidance schemes. They may buy expensive homes, often several of them, which increase in value year by year (=unearned income). Such homes can be leased to others, in the long or short term (like film sets). They are given many things for free, provided with accommodation / meals / holidays / gifts by their organisation, those who want their favour, or the country. It's quite possible for a very rich person to have less actual ooutgoings than someone with much less income or assets.
