![]() ![]() ![]() As part of that agreement, it was stipulated that sovereign-to-sovereign bequests would be exempt from inheritance tax. The newspaper notes that no inheritance tax is liable on the Queen’s personal wealth due to a deal struck in 1993 with the then John Major-led government, in which the Queen agreed for the first time to pay income tax. According to The Times’, as it is an inalienable asset of the Crown, it would not even appear in the Queen’s will and simply passed from sovereign to sovereign, without any tax being paid. ![]() ![]() It is the sovereign’s private estate, existing purely to give the reigning monarch an income: in the financial year ending March 31 it was valued at about 652 million pounds and generated a net surplus of 24 million pounds. The Sunday Times Rich List’ calculated the late Queen’s wealth at 340 million pounds in 2015, with the major source of a British sovereign’s personal money being the Duchy of Lancaster. Historically, the wills of the sovereign have remained private along with other members of the royal family. The British monarchy as a brand was valued at around USD 88 billion in 2017 by valuation consultancy firm Brand Finance, with the Queen’s personal wealth from investments, art, jewels and real estate estimated by Forbes’ to be worth around USD 500 million. Following the report, Trump denied it was him on the phone or that it sounded like him in an interview with NBC’s “Today” show.The wealth of Queen Elizabeth II, often referred to as one of the wealthiest women in the world, has remained secret and so will her last will and testament specifying how her wealth will be distributed after her death in Scotland on Thursday. The Washington Post reported in May 2016 that Trump routinely made calls to reporters in the 1970s, ’80s and ‘90s posing as a publicist named John Miller or John Barron. The Post reports that the White House declined to comment, and The Trump Organization did not respond to the Post’s request for comment.Ī similar recording of a man who sounds like Trump posing as his spokesman surfaced during the 2016 campaign. Greenberger wrote in the Post that he decided to publish the off-the-record conversation because the “intent to deceive” released him from his “good-faith pledge.”ĬNN has reached out to the White House for comment. I think last year someone showed me the article and he had two hundred and two hundred and the other’s been pretty well consolidated now for the most part.” “I think you can really use Donald Trump now and you can just consolidate it. Trump, you know, because you have down Fred Trump, and I’d like to talk to you off the record if I can, just to make your thing easier,” Trump, as Barron, is heard saying in the recording of his conversation with Greenberg. “Most of the assets have been consolidated to Mr. The May 17, 1984, phone call from Barron came after Forbes had listed Trump’s holdings at $200 million in its previous edition, Greenberg wrote in the Post. Greenberg told CNN that Trump, as Barron, “lied” in saying Trump owned all of his father Fred’s assets, which he did not until his father died in 1999. “He should never have been there in the first place,” said Greenberg, who provided an audio recording of a phone call between him and “Barron” that he recently discovered to CNN. Greenberg said Trump’s actual net worth at the time as a real estate developer was less than $5 million, though the magazine had listed it as $100 million for its first-ever Forbes 400 list. ![]()
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