Princess Anne's Estate Faces Inheritance Tax Changes

Princess Anne's children, Zara Tindall and Peter Phillips, are set to face significant inheritance tax liabilities on the Gatcombe Park estate due to new rules introduced by Chancellor Rachel Reeves. The 730-acre estate, valued at approximately £6 million, will be subject to a 20% inheritance tax on agricultural assets exceeding £1 million, potentially impacting Tindall and Phillips when their mother passes away. Unlike them, King Charles III and Prince William are exempt from these taxes under a ruling that allows inheritance passed 'sovereign to sovereign' to avoid duties. This change has sparked concerns among farmers regarding the ability to pass family farms down due to the increased tax burden. The estate was initially a wedding gift from Queen Elizabeth II and has been home to Princess Anne for nearly five decades. Critics argue that these tax changes could jeopardize agricultural viability in the UK.