Connect with us

Economy

Legacy of Charles III

Published

on

A herança de Carlos III

















Perhaps one of the first questions we ask ourselves when a monarch dies is: what will be his condition? Or: how many zeros will there be on a bank statement? Or even: how much are all the items you bought?

Queen Elizabeth II died earlier this month at the age of 96 and, according to the British newspaper The Sunday Times, she was the owner of a personal fortune valued this year at £370 million, about €427 million, “more than five million more than in 2021.” “. Thus King Charles III (his successor) inherited from his mother not only the throne of the United Kingdom, but also a personal fortune “which he would receive without payment of inheritance tax, in the privilege reserved for royal transmissions”. Most of this wealth would go to Charles and the British government would not receive a single pound sterling.
From sovereign to sovereign

According to CNN, in the United Kingdom, inheritance of assets worth more than £325,000, that is, €373,000, is subject to a 40% inheritance tax. However, Carlos III will not have to transfer this amount to the kingdom’s finances thanks to rules approved in 1993, which provide for an exclusive regime for the heir to the crown when he receives the personal assets of the previous monarch. Under these rules, assets transferred from the sovereign or from the sovereign’s spouse to the next monarch are “exempt from inheritance tax”. In addition, the rules set out in the 2013 government memorandum of understanding also ensure “that the monarch has his own personal money and therefore his financial independence from the state.”

See also  Tesla Shares Fall More Than 4% After Investigation Of Autopilot System - O Jornal Económico

Charles’ estate includes assets such as Balmoral Castle in Scotland (where Elizabeth II died and is a summer retreat for the British royal family); The residence at Sandringham in England becomes the private property of the British monarch and is known as the place where the family usually celebrates the passing year. In addition, Isabella II had a large stock portfolio and a collection of royal stamps valued at £100m, about 115m euros, according to The Times last year. The famous British Crown Jewels, valued at around £3bn (around €3.5m), also automatically passed to his successor.

Charles III also inherited the Duchy of Lancaster – a royal property since the Middle Ages – which brought the British monarch a private income of £24 million, about €27 million, in the last financial year. The Duchy of Lancaster collected the private heritage of British kings for six centuries. According to El País, its main goal is to provide monarchs with a source of income independent of the sovereign subsidy, a budgetary line provided by the state to carry out their official functions. Despite this, with accession to the throne, Charles loses the duchy of Cornwall, which belongs to the eldest son of the British monarch and which brings about 21 million pounds, about 24 million euros, a year.

To all this will be added the personal fortune of Carlos, estimated at about $ 100 million.
According to CNN, Carlos will also receive an annual “sovereign grant” from the British Treasury of 15 per cent of crown asset income, which for 2021-2022 reaches around 100 million euros, with an additional share of more than 34 million euros. million pounds sterling, about 40 million euros, for the reconstruction of Buckingham Palace in London. This sovereign grant is used “to finance the expenses associated with the official representation of the head of state or members of his family”, including staff salaries, maintenance and cleaning of palaces, official travel and receptions.

See also  Portuguese Daniela Braga of Biden's Task Force on Artificial Intelligence - Technology

In addition, you will also own a portfolio of the Crown Estate – one of the largest real estate empires in Europe – which includes commercial property, including property in prime locations in central London, rural and coastal land across the country and even the waters around England and Wales. .



Comments are disabled.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

Published

on

Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

Continue Reading

Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

Published

on

The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

Continue Reading

Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

Published

on

Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

See also  Portuguese Daniela Braga of Biden's Task Force on Artificial Intelligence - Technology

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

Continue Reading

Trending