Jack Charlton's Son Faces £200,000 Tax Charge Over 1966 Medal

WHO:

Yahoo Sports - Jack Charlton's son

Yahoo Sports - Jack Charlton, a former World Cup winner

Daily Mail Sports - Jack Charlton's son

WHAT:

Yahoo Sports - Jack Charlton's son faces a £200,000 inheritance tax charge to keep his father's World Cup medal.

Yahoo Sports - Jack Charlton's son stated, “A bit of a problem with it [the medal], actually. When I say I’ve got it, it was left to me in me dad’s will, but the tax man wants £200,000 off me in inheritance tax.”

Yahoo Sports - Jack Charlton's son has given the medal back to his mother to avoid paying the tax.

WHERE:

Yahoo Sports - The World Cup medal is associated with England's 1966 World Cup victory.

WHEN:

Yahoo Sports - Jack Charlton passed away in 2020.

WHY:

Yahoo Sports - The inheritance tax charge is due to the value of the World Cup medal left in Jack Charlton's will.

HOW:

Yahoo Sports - The tax amount of £200,000 was determined by the tax authorities, though Jack Charlton's son stated, “I’ve no idea” how the figure was calculated.

Jack Charlton's son is facing a hefty £200,000 inheritance tax charge to keep his father's World Cup medal, which is linked to England's 1966 World Cup victory. He expressed his frustration, saying, “A bit of a problem with it [the medal], actually. When I say I’ve got it, it was left to me in me dad’s will, but the tax man wants £200,000 off me in inheritance tax,” and has since returned the medal to his mother to avoid the tax burden. The tax authorities determined the amount, but he admitted, “I’ve no idea” how they arrived at that figure.