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Is Meghan's royal income taxed by the US government?
Despite her marriage in one of the most famous British families, Meghan is still an American citizen. And the Duchess of Sussex is now facing a tax nightmare as US authorities look to see if Meghan and her husband, Prince Harry, owe the US government a share of their fortune.
Due to his marriage to the British prince, the Duke and Duchess of Sussex's tax returns in the United States are examined.
This means that the royal power couple may have to pay a tax on Meghan's $ 5 million, but also on Prince Harry's main source of private wealth, a £ 300,000 annual trust fund he pays for. UK income tax.
Prince Harry's money comes from a £ 20 million trust fund inherited from Princess Diana and the Queen Mother.
Even the finances of Queen Elizabeth and Prince Charles could be scrutinized under US tax rules because they provide funding and support to the couple.
Royal aides told The Sunday Express, "We are examining the level of financial risk that the royal family has never faced.
"It's the worst nightmare of the royal family."
Guidance notes for US citizens such as Meghan say: "You are generally taxed on the income you have, whether or not it is in your possession."
This means that the money of the Duke and Duchess of Sussex will not be the only one to be taxed.
Their jewelry and designer clothes are also subject to a tax return.
Even the couple's home, Nottingham Cottage in Kensington Palace, will be examined.
A former assistant explained: "Everything must be declared.
"It means a level of openness and budgetary control that the royal family is not used to.
"There is a very comfortable relationship between the palace and the HMRC where the royal family volunteers to pay a tax and the tax collector is very grateful to him."
Buckingham Palace would hire a team of US financial experts to help prepare Meghan's tax returns.
The Duchess of Sussex is currently on leave visa, immigration status granted to a person who does not hold the right of residence in the United Kingdom, but who has been admitted to the UK without time limitation in his stay and who is free to hold a job or study.
Kensington Palace said about Meghan's visa: "Mrs. Markle has taken full legal advice on her right to stay in the UK and will fully comply with all requirements at all times.
"It will go through the normal visa process.
"Mrs. Markle intends to become a British citizen by following the normal process, which will take several years."
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