Harry and Meghan return to UK after 6 years: Why their $60 million fortune could face a tax hit
New Delhi, Aug. 23 -- Prince Harry and Meghan Markle's decision to return to the UK after six years in the US could leave them missing out on potentially valuable tax benefits, according to tax experts cited by Fortune.
The Duke and Duchess of Sussex are moving from their Montecito mansion to a private residence outside London after spending the past six years in the US. However, their return before completing 10 years of non-UK residence means Harry could miss out on tax advantages linked to long-term non-residency.
"Whilst their return is welcome news, staying away a bit longer would have given them a much better tax result," Dhana Sabanathan, a partner in the tax, trusts and succession team at law firm Michelmores, told Fortune.
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