Quote:
Originally Posted by bombaysaffires
someone in the uk explained it better in either this thread or in the Christine forum thread... but over a certain amount ..s something like £320,000 the UK gov't taxes estates/inheritances at 40% or almost half. So the estate is facing a tax bill for the inheritance unless they can do whatever they need to do to protect that money or else have to pay that huge portion to the taxman. That's why there are taxes listed and the amount is so high.
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That makes sense to me. Chris realized a huge capital gain when she sold her song rights. Of course, so did the others, so they’d better have planned for it.