Here’s what Prince Harry and Meghan Markle’s California mansion could really be worth, and how much it costs to keep it up
The couple’s decision to move back to the U.K. has raised a host of questions about what they plan to do with the opulent home in California, where they have been residing for the past six years.
The Duke and Duchess of Sussex's decision to relocate back to the UK has sparked curiosity about their California mansion, which has been their primary residence since 2018. The property, often referred to as a symbol of their luxurious lifestyle, is likely to be a significant asset for the couple.
In the context of the UK's inheritance tax laws, the couple's plans for the mansion are particularly relevant. As a non-UK resident, they may not be subject to the same tax implications as UK residents, but their decision to move back to the UK could change their tax obligations. The mansion's estimated value, reportedly in the millions, could be a factor in their financial planning and tax strategy.
As the couple prepares to settle back in the UK, industry watchers will be keeping an eye on any updates about their plans for the California mansion. Will they sell the property, rent it out, or maintain ownership? Any decisions they make could provide insight into their financial situation and future plans. Additionally, the real estate market in California and the UK will be worth monitoring, as their actions could have implications for the luxury property market.
Originally reported by marketwatch.com. LargecapNews adds analysis for finance & markets readers.