Government of the United Kingdom and therefore he did not have to pay it – a claim the Greater London Authority disputed. Similarly, the monarch is totally immune from criminal prosecution and may only be sued with her permission (this is known as sovereign immunity). The monarch, by law, is not required to pay income tax, but Queen Elizabeth II has voluntarily paid it since 1993, and also pays local rates voluntarily. However, the monarchy also receives a substantial grant from the government, the Sovereign Support Grant, and Queen Elizabeth II's inheritance from her mother, Queen Elizabeth The Queen Mother, was exempt from inheritance tax.
Income tax in Australia however the base rate entity threshold (the aggregated annual turnover threshold under which entities will be eligible to pay a lower tax rate) will continue to rise. Capital gains tax (CGT) in Australia is part of the income tax system rather than a separate tax. Capital gains tax was introduced by the Hawke Labor Government in September 1985 and allowed for indexation of the cost base of the capital asset to the Consumer Price Index, to account for annual price inflation. Net capital gains (after concessions are applied) are included in a taxpayer's taxable income and are taxed at marginal