Meghan Markle’s Citizenship May Cause Tax Nightmare To Royal Family

The Duke and Duchess of Sussex might be facing a “tax nightmare” as the United States taxman check whether the Royals owe them a slice of their fortune.

AMP in the post

Meghan Markle, famous for her Rachel Zane character in the hit TV series “Suits,” married Prince Harry earlier this year. Although she married into a British family, not to mention the most famous one in the country, Markle is still a US citizen.

She currently has a Leave to Remain immigration status that allows her to stay in the United Kingdom with no limit. Since it will take several years before she obtains her British citizenship, Meghan is still required to pay her US taxes and that includes her travel expenses, royal accommodation, and jewelry, according to Mirror.

All “available” income of the 37-year-old former actress turned Duchess of Sussex and soon-to-be mother will face scrutiny by US tax inspectors. Not only will they look into every penny she earns and all the gifts she receives from the Royal family, but they may also look into Prince Harry’s private wealth, including his £20 million trust fund, which contains the money he inherited from his late mother Princess Diana and the Queen Mother.

Prince Harry is already paying taxes in the UK but may also pay US taxes as his earnings could be considered “available” to Meghan.

AMP in the post

In addition, the Inland Revenue Service’s strict guidelines may allow them to check the personal fortunes of Prince Charles and the Queen because they provide financial support to the couple. The Royal aides are concerned that the family will face a huge tax bill. One even said: “We’re looking at a level of financial exposure the Royal Family has never had to face before. It’s the royal household’s worst nightmare.”

LOVE MEGHAN MARKLE & THE ROYAL FAMILY?  SUBSCRIBE TO OUR ROYAL NEWSLETTER, HERE!

The Royal Family reportedly enlisted the professional help of a team of US financial experts to deal with Meghan’s tax problems, per The Sun.

Camilla Parker BowlesMeghan MarkleMeghan Markle NewsMeghan Markle's TitlePaul BurrellPrince HarryPrince Harry newsQueen ElizabethRachel Meghan MarkleRoyals NewsThe Duchess of SussexThe Royals
Comments(5)
Add Comment