Prince Harry's marriage to Meghan Markle is causing the Royal Family a financial headache

1 min read

Well this is unexpected.

There's a case to be made that marrying Meghan Markle was the happiest day in Prince Harry's life (or at least until the royal baby comes).

However, it appears that this happiness may come at a costly price to Harry and the Royal Family. Literally.

According to The Sunday Express, the Duchess of Sussex is still an American citizen despite tying the knot with Harry and her application to become a British subject will take some time to come through.

This means Meghan will still have to pay tax in America on whatever income earned or allowances received, thus things like gifts, homes, the earnings from her acting career, and even her clothes could be taxed.

But that's only the beginning of what could be some big financial hurdles coming Meghan and Harry's way.

Since Harry is now Meghan's spouse, it also means that the tax man could also be able to go after his own income - which includes a AUD$35 million trust fund set up by his mother and the Queen Mother that he already pays annual income tax on in the UK.

Not only could Harry and Meghan's respective incomes and fortunes be affected, but both Prince Charles and Queen Elizabeth may also get caught up in this since they both provide financial support to the young couple.

Since Harry and Meghan will basically have to declare everything from her earrings to their home in Kensington Palace, The Mirror reports that the Royal Family will be hiring several American tax experts to help figure out this wild tax web.

Some say happinesss comes at a price, but we're pretty sure that Harry and Meghan weren't expecting the price to be as high or confusing as this.

Image: Max Mumby/Indigo/Getty Images


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Written By Alexander Pan