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 the United States subject to limits. Capital gains are taxable, and capital losses reduce taxable income to the extent of gains (plus, in certain cases, $3,000 or $1,500 of ordinary income). Individuals currently pay a lower rate of tax on capital gains and certain corporate dividends. Taxpayers generally must self assess income tax by filing tax returns. Advance payments of tax are required in the form of withholding tax or estimated tax payments. Taxes are determined separately by each jurisdiction imposing tax. Due dates and other administrative procedures vary by jurisdiction. April 15 following the tax year is the last day for individuals