and is unaccounted for. the monarch and the heir are exempt from paying income tax, though for 30 years, they've paid it voluntarily. and when queen elizabeth died, charles didn't have to pay inheritance tax. for everybody else, it's 40% inheritance tax on anything over £325,000 that you inherit. not for the monarchy. we don't know how much the queen was worth and how much she passed on to charles because they're exempt from publishing their wills. the monarch has exemptions from inheritance tax. the government says it would be inappropriate to tax assets held by the sovereign, and that the monarchy needs a degree of financial independence. but with all its wealth and privilege, there's a danger the monarchy could be seen
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