this post was submitted on 18 Jun 2024
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[–] Blackmist@feddit.uk 11 points 5 months ago (1 children)

Much of it is owned by the Crown Estate. Which is technically owned by the current monarch, but it's not their personal property.

All sounds like a scam to me to prevent inheritance taxes scooping off a chunk every time one of them carks it.

[–] JohnEdwa@sopuli.xyz 2 points 5 months ago

All the revenue that the Crown Estate generates is given directly to the UK government to use, so they get plenty of tax from it already. ~$400 million in 2022 for example.