Claim: King Charles inherited £650 million tax free.
Fact-check: Claims about King Charles's inheritance need context - Full Fact
Verdict: this seems to refer to the net assets of the duchy of lancaster, which king charles oversees as the sovereign and is not subject to inheritance tax. he cannot sell any of the assets for personal gain, but does receive a private annual income from them which was worth £24 million in 2022. he pays voluntary income tax on this money when it is used for non-official purposes. this figure doesn't include the queen's personal assets that he inherited without tax.
Organisation: Full Fact
Author: Evie Townend
Date published: 2023-06-06T00:00:00