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.
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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’.
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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.
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“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.”
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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.
“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
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Even more of the Gay Village will be turned into outdoor seating this summer
Daisy Jackson
The Gay Village is set to get even more outdoor seating this summer, with the council moving to partially close several key streets to traffic.
The news lands mid-heatwave when thousands of Mancs are clamouring for a seat in the nearest beer garden or cafe terrace – with a huge proportion of those flocking to Canal Street.
Now, plans have been revealed to bring ‘a touch of cafe culture’ to the Gay Village, with even more outdoor seating space created for businesses in the area.
Initially running as a trial this summer, it will mean new terraces for New York New York, The Goose and The Eagle on Bloom Street, plus more locations on Richmond Street.
Manchester City Council has said that similar schemes on Thomas Street and Stevenson Square have been hugely popular with both punters and businesses, especially during the summer months, and can give local operators a huge boost.
So now it’s time for this thriving corner of the city to get the same treatment, as part of the ongoing work through the Gay Village Action Plan identified the need for more outdoor seating areas.
The two locations which will have the changes will be Bloom Street, between Abingdon Street and Chorlton Street; and Richmond Street, between Sackville Street and Chorlton Street.
In order to put these protected spaces into effect, some changes to the existing road network will be made:
Bloom Street becomes one-way from Chorlton Street towards Princess Street
Richmond Street is closed to through traffic between Chorlton Street and Sackville Street.
The scheme will initially run on a trial basis from 10 July throughout the summer to evaluate if it could be a viable long-term solution.
During this, plans will also be in place to ensure that deliveries and loading can go about unhindered, as well as daily waste collection and access for residents.
Councillor Mandie Shilton Godwin, Executive Member for Clean Air, Environment and Transport, said: “The Gay Village is one of our most precious communities. For decades the queer community has been able to call this neighbourhood its own, establishing a long and proud place in the history of the fight against bigotry and discrimination.
“Needless to say, it’s one of the most-visited places in Manchester and sees thousands of people tread its cobbled streets every year. Because of that we’re always looking at how we, as its custodians, can continue to support its legacy and ensure that it meets the needs of people who live and work there.
“We’re excited to be trialling additional outdoor seating for these streets, and we hope to bring the same success that we’ve seen in the Northern Quarter after putting similar schemes in place.
“But, above all this has to work for everyone, so I would urge people to take part in this consultation and help shape the future of the Gay Village.”
Fire service urges Greater Manchester public to ‘act responsibly’ as heatwave continues
Emily Sergeant
People across Greater Manchester and beyond are being urged by the fire service to ‘act responsibly’ as the heatwave continues this week.
Greater Manchester Fire and Rescue Service (GMFRS) has issued an urgent plea residents and visitors to take extra care on moorland and in rural areas as part of the annual ‘Be Moor Aware’ campaign – which is aimed at preventing wildfires and reducing the impact they have.
GMFRS has issued the plea alongside its partners at United Utilities, the Royal Society for the Protection of Birds (RSPB), neighbouring fire and rescue services, and local councils.
It comes as Amber Extreme Heat warnings and heat-health alerts have been issued by the Met Office and the UK Health Security Agency (UKHSA) through to Thursday this week – with temperatures widely exceeding 35°C nationwide, and in some areas – particularly on the south coast – potentially even reaching 38°C.
Heatwave conditions in the UK are met when a location records a period of at least three consecutive days with temperature values meeting or exceeding the heatwave temperature threshold for that location.
The fire service urges the Greater Manchester public to ‘act responsibly’ as the heatwave continues / Credit: Mick Garrett (via Geograph)
It does seem, however, that northern parts of the country – especially the North West – are missing most of the extremely hot conditions, with current forecasts indicating peak temperatures of 33°C.
But this doesn’t stop the wildfire risk, and the fire service is warning that prolonged periods of dryness but the countryside in danger.
GMFRS data shows there have been 83 wildfires across Greater Manchester since 2021, including a significant rise in 2025, when 38 incidents were record, and there has already been six wildfires recorded in 2026.
“Wildfires can spread rapidly, especially during warm and dry weather, putting lives, wildlife and property at risk,” explained GMFRS Wildfire Lead, Adrian Taylor.
“Many of these fires are preventable, and we’re asking everyone to take responsibility when visiting our moorland areas. Small actions, such as not using disposable barbecues and taking litter home, can make a huge difference in preventing devastating fires.”
Georgina Pellant -
13th September 2022 
