Property News · August 11, 2016

Inheritance tax: why the new Duke of Westminster will not pay billions


The fact that Hugh Grosvenor’s estate is held in a trust means that his £9bn inheritance is likely to remain largely intactHad the Grosvenor estate bequeathed to the new Duke of Westminster been liable for 40% inheritance tax, the amount owed to the Treasury would have been not far off the government’s entire death duty take for the last financial year.Hugh Grosvenor, however, avoids a significant cut to his £9bn inheritance because the estate is held in a trust. Continue reading…

Source : theguardian.com
Read more…Inheritance tax: why the new Duke of Westminster will not pay billions

You may also like...