Prince Harry’s 40th birthday was marked by a double celebration. Besides reaching a remarkable age, he also received a substantial inheritance from his great-grandmother.
Prince Harry has just turned 40 years old, and it seems that his significant birthday was accompanied not only by good wishes. It is reported that the Duke of Sussex will receive a significant inheritance from his great-grandmother, the late Queen Mother.
This is also a considerable amount — about 19 million pounds ($23 million) was set aside for her great-grandchildren back in 1994. At that time, it was almost two thirds of her fortune! According to reports, Prince Harry and his brother, Prince William, were supposed to claim their inheritance in two parts.
One of them turned 21 and the other turned 40. So, now that Prince Harry has officially celebrated his significant birthday, he is in line to receive a second payment. The funds originally deposited into the account when the Queen Mother was 94 years old exceeded the seven-year threshold for paying inheritance tax due to her death in 2002. This means that Prince Harry’s windfall income will not be taxed.
