Charles enjoys giggles with grandson George as family photos mark 70th birthday

18 November, 2018, 23:13 | Author: Regina Boyd
  • Prince Harry

Prince Charles' 34-year-old son, Prince Harry is also in the photo, with his new wife, 37-year-old Meghan Markle.

Because of her marriage to the British Prince, both the Duke and Duchess of Sussex tax returns to the U.S. are being looked into.

Meghan Markle is still a U.S. citizen and may have tax obligations that affect the royal family.

The Prince of Wales and the Duchess of Cornwall listen to a speech by photographer Arthur Edwards during a tea party (Paul Edwards/The Sun/PA) Earlier, Charles joked about the trials and tribulations of getting older as he met a room full of septuagenarians.

"We're looking at a level of financial exposure the Royal Family has never had to face before", a royal aid tells the Sunday Express.

The Duchess still has to file tax returns, the last one due on April 17 which would have had to include any money she and Harry have made since living together.

And the Duchess of Sussex is now facing a tax nightmare as USA officials are looking into whether Meghan and husband Prince Harry owe the American government a slice of their fortune.

Meghan has also conducted a series of "undercover" missions to meet with British people, especially those associated with charitable causes, the source said - much like visiting Grenfell survivors in planning for her charity cookbook.

Meghan has to give the USA taxman full details of her finances if she and her husband-to-be have joint assets, bank accounts or offshore trusts in excess of £143,100 ($266,000 NZD).

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And future TV income, such as repeat fees, will all be taxed by the USA as long as she is a citizen.

"Each year she must file her tax return and pay any tax she owes to Washington".

Guidance notes to U.S. citizens like Meghan state: "You are generally taxed on income available to you, regardless of whether it is in your possession".

Perks will also come under scrutiny, including use of Nottingham Cottage, Kensington Palace where she and Harry reside, and any residual TV income resulting from her previous career as an actress.

"Working out the market rental value of a royal palace is not a task for the fainthearted".

The head of state rarely makes public comments about her children but she used a black-tie dinner staged in Charles's honour to praise him as "his own man, passionate and creative".

The diamond engagement ring Prince Harry gave Meghan has been valued at over £71,600 ($133,000 NZD) by royal watchers.

During a trip to Runcorn, Cheshire, in June, Meghan reportedly missed hints to wear a hat when the Queen's aides informed her the monarch had chose to wear one.

Kensington Palace declined MailOnline's request for comment.



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