Are the Royal family subject to capital gains tax when they inherit?

Question

Are the Royal family subject to capital gains tax when they inherit?

Answer 1

Apparently the Queen chooses to pay it!

Answer 2

The Queen is subject to indirect taxes such as the value added tax (VAT), but is exempt from income tax and capital gains tax. Since 1993, however, the Queen has voluntarily paid taxes on personal income. As the Civil List and Grants-in-Aid are used solely for official expenditure, they are not taken into account when calculating taxes.

Answer 3

Yes. That's why Margaret's children auctioned so many of her things.The money made from the Christie's auction paid their taxes.

Answer 4

Technically, any taxes the Queen pays is payable to herself.  So, she could save a stamp...

Answer 5

No....capital gains is for selling...not inheriting

but they are subject to Inheritance tax..so they get their lawyers to dish out gifts and trusts and that before they die...only poor people like us pay taxes..the rich avoid tax via their expensive lawyers..

Answer 6

You only pay capital gains tax, when you sell something, not when you inherit it. In anycase they cannot sell most the `stuff` which is in the palace or royal homes, because it does not belong to the monarch, it belongs to the nation.If they dispose of personal items which would qualify for  capital gains tax, then yes they have to pay it.