News
King Charles III won’t pay 40% inheritance tax on £641 million estate
A government spokesperson said "the Monarchy as an institution needs sufficient private resources to enable it to continue to perform its traditional role in national life".
With the nation in mourning following the death of Queen Elizabeth II, King Charles III has inherited her position as head of state.
His Majesty has also inherited most of the Queen’s multi-million-pound estate, which is reported to be worth £641 million by AS News.
This includes a mixture of public and private assets, with the late Monarch having reportedly ammassed tens of millions in private wealth through art and racehorses and other assets throughout her lifetime.
But while ordinary British citizens are required by law to pay a 40% tax on inheritance over £325,000, this won’t be the case for the new monarch.
The reason is thanks to a 1993 change in royal inheritance law that prevents a depletion of royal funds in the case of royal deaths in quick succession.
Despite being introduced by the John Major government nearly 20 years ago, the change was not applied until 2002 following the death of the Queen Mother. Now it is being applied again, effectively depriving the Treasury of a windfall.
Speaking to The Express, a government spokesperson said that requiring the Moarch to make an inheritance tax payment would ‘inappropriate’.
In a comment given to the paper, the Government explained: “Some assets are held by the Queen as Sovereign rather than as a private individual.
“They are not sold to provide income or capital for the personal use of the Queen and pass from one Sovereign to the next.
“The official residences, the Royal Archives, the Royal Collection of paintings and other works of art and other assets held by the Queen in right of the Crown fall into this category.
“It would clearly be inappropriate for inheritance tax to be paid in respect of such assets.”
However, a spokesperson also said that the new King would also be exempt from paying tax on private assets because “the Monarchy as an institution needs sufficient private resources to enable it to continue to perform its traditional role in national life”.
They added another reason for the exemption is to ensure the monarch has “a degree of financial independence from the Government of the day.”
Any relatives beyond King Charles II, however, will still be required to pay tax on inherited assets.
The Government outlines: “In relation to assets which can properly be regarded as private, the arrangements provide that inheritance tax will not be paid on gifts of bequests from one sovereign to the next, but will be payable on gifts and bequests to anyone else.
Read more: People are being arrested for holding up anti-monarchy signs
“Tax will also not be payable on assets passing to the Sovereign on the death of a consort of a former Sovereign.
“The reasons for not taxing assets passing to the next Sovereign are that private assets such as Sandringham have official as well as private use, and that the Monarchy as an institution needs sufficient private resources to enable it to continue to perform its traditional role in national life, and to have a degree of financial independence from the Government of the day.”
Feature image – BBC
News
Deliveroo is set for a multi-billion dollar buyout from a takeaway rival
Danny Jones
UK takeaway service Deliveroo is set for a massive takeover by a fellow delivery business rival, said to be worth several billion.
The British multinational is known nationwide, occupying one of the biggest market shares alongside competitors Just Eat and Uber Eats, but now the takeaway delivery service is set to be swallowed up by an even bigger brand based in the US.
As reported on Tuesday, 6 May, American delivery firm DoorDash – the biggest of its kind in the States – looks set to complete an estimated £2.9 billion buyout, which will see Deliveroo folded into their growing global portfolio.
This massive deal will see the company’s presence in more than 40 countries further consolidated, already serving somewhere in the region of 50 million customers every month.
According to the likes of Reuters, Bloomberg and BBC, DoorDash is offering 180p per share, which is a 44% increase on Deliveroo’s share price from the point when initial takeover talks were made public in April 2025.
Speaking in a joint statement on the impending buyout, the two firms said: “The combination with Deliveroo will strengthen DoorDash’s position as a leading global platform in local commerce.”
Founded by chief executive Will Shu back in 2013, Deliveroo is now considered one of the big three in the food delivery industry’s UK scene, but is set to get much bigger under the DoorDash umbrella.
As for DoorDash, CEO and co-founder Tony Xu went on to add: “Coming together with teams that have similar visions and values accelerates our work to achieve that mission. Deliveroo is just such a team and one that I have long admired.
“Like DoorDash, Deliveroo is obsessively focused on their customers – consumers, merchants, and riders. They work day in and day out to improve their consumer value proposition, bring new services to local businesses, and offer flexibility and support to riders.”
Read more:
This isn’t the only big move they’ve made even just this week; in fact, the giant not only purchased Deliveroo but also New York’s restaurant technology company, SevenRooms Inc., which means they have forked out over $5bn in roughly five hours.
Put simply, this seriously big business and even bigger money that could make a big impact on UK hospitality and culinary convenience.
Obviously, full ratification via the SEC and so on is yet to be announced, but it looks like pretty much a done deal already.
So yeah, be prepared to see the name DoorDash being advertised up and down the country a lot more moving forward.
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Featured Images — @shopblocks/Focal Foto (via Flickr)
News
Two ‘quick-thinking’ GMP officers praised for saving baby’s life after suffering epileptic seizure
Emily Sergeant
Two ‘quick-thinking’ police officers have been praised for saving baby’s life after they suffering epileptic seizure.
After PCs Harry Moore and Alexandra Higginson were called to reports of a concern for welfare at an address in the Gorton area of Manchester, they managed to save the life of an eight-month-old baby who had suffered a seizure.
The two Greater Manchester Police (GMP) officers recounted the events as they unfolded.
“When we entered the street, the baby’s father was already running towards us with the baby in his arms,” explained PC Moore.
“The baby was unconscious at the time with a very irregular breathing pattern, so I immediately took the child from the father and started performing CPR. Whilst performing CPR, I had to give the recovery breaths into the baby’s nose because he had a locked jaw, which I now realise was because of the seizure.”
The ambulance came roughly five minutes after police arrived on the scene.
After paramedics arrived, they took the baby into the ambulance, where he then proceeded had another seizure, but not long after, he started crying loudly which meant he was back to breathing again.
“I told the father, who was just outside the ambulance at the time, and he was so relieved and gave me a hug,” PC Moore continued. “This is a moment I will never forget.”
PC Moore also praised his colleague PC Higginson, adding: “I can’t state enough how much of a team effort this job was. My colleague did an absolutely fantastic job of passing important information along as appropriate and we worked together as a team.
Read more:
“Alex travelled to hospital in the ambulance with the mother and baby and I followed separately. Alex constantly relayed vital information and got the details of all parties involved, which was really helpful.
“We hope the baby and family they are all doing well and that the baby is happy and recovering.”
Featured Image – GMP
Georgina Pellant -
13th September 2022 
