How Meghan Markle and Prince Harry’s Marriage Is Costing the Royal Family Thousands
Prince Harry and Meghan Markle’s marriage has taken the royal family by storm. The Duke and Duchess of Sussex have only been married for a year and a half, yet their union has sparked more headlines than just about anyone else in the royal family. While the couple is currently dealing with the fallout of their shocking new documentary, royal experts claim their marriage is costing the royal family a fortune every year.
How Markle and Prince Harry’s marriage adds up
Prince Harry and Markle are fresh off their 10-day tour of South Africa, a trip that marked their first as a family of three. The couple, with their son Archie Harrison in tow, appeared in a few notable places in the region, such as Angola, Botswana, and Malawi.
During their stay, they met with Archbishop Desmond Tutu and Nelson Mandela’s widow, Graca Machel. They also appeared for numerous events promoting their charitable work in the area.
Their trip, like everything they do, garnered attention from media outlets around the world. While fans were thrilled to see Prince Harry and Markle take to the road, their marriage is reportedly costing the royal family hundreds of thousands of dollars — and it has to do with her pending U.K. citizenship.
According to Express, Markle is still a U.S. citizen and likely will not become a citizen of the U.K. for a few more years. Because of this, the former actress is still required to pay taxes in America on all of her income and allowances.
The various things Markle has to pay taxes on include gifts, acting salaries, clothing, and homes. And since she is married to Prince William, the Internal Revenue Service could tax his earnings too.
How much could Harry be taxed?
It is unclear how much of Prince Harry’s fortune could be taxed in the United States, but it could end up costing the royal family millions. Harry was given an inheritance of over $17 million, some of which came from his late mother, Princess Diana, and some from the Queen mother.
The Duke of Sussex has already paid taxes on his inheritance in England, but it could be up for another round of taxation in the U.S. Harry also receives an annual salary from his father, Prince Charles, and his grandmother, Queen Elizabeth. And anything he makes from his son, Archie Harrison, is also eligible for taxes.
In light of these developments, the royal family has reportedly contacted experts in the U.S. tax system to help them navigate the process. While the IRS has not said whether or not Prince Harry will be taxed, there is a way Markle could get out of paying taxes altogether.
If the former Suits star renounced her citizenship in the U.S. she would no longer be subject to its tax requirements.
Markle’s son, however, will be subject to U.S. tax law until he turns 18, at which time he could renounce his citizenship.
Prince Harry and Markle may move to California
While it is possible that Markle ditches her U.S. citizenship for a British one, she and Harry are reportedly thinking about relocating in the near future.
The couple has had a difficult time adjusting to life under the spotlight, and inside sources say they are thinking about setting up a second home base outside of the U.K.
Potential destinations include California, Canada, and South Africa. Prince Harry recently shut down the idea that they are moving to South Africa, though the other two locations are still on the table.
Markle spent years living in Toronto when she was filming Suits, so it wouldn’t be a huge surprise if she decided to return to Canada. Prince Harry has also done a lot of charitable work in the country.
But the more likely landing spot is California, where Markle’s mother, Doria Ragland, currently lives.
In fact, Meghan Markle and Prince Harry are scheduled to visit Ragland in Los Angeles next month, just in time for Thanksgiving. They are expected to take a much-needed break for up to six weeks before returning to their royal duties.