News
UK: Duke’s £9bn inheritance prompts call for tax overhaul
12 Aug 2016

The Duke of Westminster’s death has led to calls from tax campaigners to reform the system of trusts which has allowed Britain’s wealthiest families to preserve fortunes through generations by avoiding death duties.

The 7th Duke of Westminster, 25-year-old Hugh Grosvenor, is now the heir to a legacy worth more than £9bn.

Thanks to a series of trusts, which are thought to date to the death of the 2nd Duke in 1953, Hugh and his three sisters will avoid having to pay the 40% levy ordinary families are faced with when parents die.

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