Harry and Meghan return to UK after 6 years: Why their $60 million fortune could face a tax hit

Prince Harry and Meghan Markle's return to the UK after six years in the US might result in a tax burden for their $60 million combined fortune, according to tax experts. Their move could prevent them from claiming tax benefits tied to long-term non-residency in the UK. To qualify for a four-year Foreign Income and Gains (FIG) relief, Harry would need to stay non-UK tax resident for ten consecutive years.

Their six-year departure could potentially subject qualifying foreign income and investment gains to UK taxation. The couple could also miss out on certain inheritance-tax advantages linked to long-term non-residence, as inheritance tax in the UK can reach 40%. However, their return is advantageous in certain areas, such as avoiding temporary non-resident rules for capital gains.