The 730-acre Gatcombe Park estate and Grade II-listed house near Stroud in in Gloucestershire has served as the Princess Royal's country home for nearly half a century.
Will your farm be hit by inheritance tax? Princess Anne 's Gatcombe Park estate is believed to fall foul of Labour 's new inheritance tax rules - while fellow farmers the King and Prince William are exempt.
Now, under plans announced in the Budget, inheritance tax will be charged at 20 per cent on agricultural assets above £1million, but Chancellor Rachel Reeves has said that in some cases the threshold could in practice be about £3million. With the value of Gatcombe thought to be around double the £3million threshold, it means Anne's two children, Peter Phillips and Zara Tindall - who also have homes on the estate – will likely now face paying inheritance tax on it when the Princess dies.
The Chancellor used her first Budget last Wednesday to announce a change to agricultural property relief and business property relief from April 2026 in a bid to secure more money for public services. The Chancellor said 'only a very small number of agricultural properties' will be affected, although the National Farmers' Union warned the reforms could force farmers to sell their family farms to pay the inheritance tax bill.
The King now owns the Duchy of Lancaster, inherited from Elizabeth II, and William owns the Duchy of Cornwall, which was previously owned by his father. The Duchy of Cornwall is a similar portfolio valued at more than £1billion which provides an income for the heir to the throne. The manor is thought to have five bedrooms, four secondary bedrooms, four reception rooms, a library, a billiard room and a conservatory. The estate also features a large stables and a trout lake.
The event – which has been running for 40 years – usually attracts top equestrian Olympians and tens of thousands of spectators, but this year organisers had to call it off because increasing costs made it 'unfeasible' to run. Earlier this week, an investigation by Channel 4's Dispatches and the Sunday Times examined the land and properties owned by Charles and William through the Duchies of Lancaster and Cornwall.
News Peter Phillips King Charles III Royals Zara Tindall Labour Prince William Princess Anne Rachel Reeves
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zara Tindall in tears as she has emotional chat with husband MikeZara Tindall was in tears in a candid chat with her husband Mike, as she opened up about her life and career, including her late horse High Kingdom and her 'mum guilt'
Read more »
Zara Tindall shares rare photos with husband Mike as he issues life updateFormer England rugby star Mike Tindall celebrated his 46th birthday over the weekend and took to social media to share a series of rare photos with his wife, Zara
Read more »
Rachel Reeves 'will saddle Zara Tindall with a huge inheritance tax bill': No escape for the royals...The 730-acre Gatcombe Park estate and Grade II-listed house near Stroud in in Gloucestershire has now served as the Princess Royal's country home for nearly half a decade.
Read more »
PKC opposition councillors call for Levelling Up cash rethinkConservative and Labour councillors write to chancellor Rachel Reeves to restore money for Fair City projects.
Read more »
EPHRAIM HARDCASTLE: Why is Princess Anne furious with Rachel Reeves?EPHRAIM HARDCASTLE: Rachel Reeves would do well to avoid Princess Anne the next time that they're in the same room...
Read more »
Rachel Reeves says 'it's different' after announcing decade-old Manchester plansThe Chancellor visited Greater Manchester today (November 7) alongside the transport secretary to talk about the Transpennine Route Upgrade investment
Read more »