To ask Her Majesty's Government, further to the Memorandum of Understanding on Royal Taxation, published in March 2013, whether inheritance tax will be payable on any bequests from HRH The Prince Philip to (1) HM Queen, (2) HRH The Prince of Wales, and (3) other members of the Royal Family.
28 April 2021
The Government does not comment on the tax affairs of individuals. The tax affairs of the late Prince are entitled to the same strict confidentiality as those of any other person. The Memorandum of Understanding on Royal Taxation sets out the tax position for the Sovereign and The Prince of Wales. The normal inheritance tax rules will apply to other individuals.