Jack Charlton's eldest lad could not inherit his dad's treasured 1966 World Cup winner's medal owed to punitive Government taxes.
John Charlton deed retired astatine the 'scandalous' outgo of inheritance taxation and called connected Labour to abolish it successful the budget connected Wednesday. Big Jack, who died successful 2020 aged 85, near his astir prized possession to John.
But his lad was incapable to instrumentality ownership due to the fact that his dad's property had already attracted hundreds of thousands of pounds successful inheritance tax. It is 1 of lone 2 1966 medals inactive held by the families of the squad who achieved our astir celebrated infinitesimal of shot sporting glory.
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Andy Commins / Daily Mirror)Jack and Sir Bobby Charlton kept theirs portion the precocious Roger Hunt donated his to a museum. The HMRC valued Jack's medal and celebrated reddish garment from 1966 astatine astir £200,000. If helium had inherited both, it would person near John with a taxation measure of £80,000.
There are inheritance taxation exemptions successful the UK, including the merchantability of medals of valour awarded to the families of equipped services personnel. But they bash not widen to the heroes of 1966.
John, 64, who runs Charlton's Bar successful Cambois, Northumberland, said: "My dada kept his England garment from the World Cup final. And his World Cup medal should person travel to me. But the taxman valued them astatine determination betwixt £100k to £200k, truthful we person near that successful possession of my mum.
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Andy Commins / Daily Mirror)"The worth of it successful golden is not a monolithic magnitude of money. It is intolerable to accidental however overmuch it would beryllium worthy astatine auction." John, a dad-of-three, added: "I deliberation the inheritance taxation successful this state is perfectly scandalous: who tin enactment a worth connected that medal?
"I deliberation it is lone my dada and uncle Bobby who person not sold theirs. I wonderment what would hap if I said that I could not spend the taxation connected it. Would the Government instrumentality my dad's medal from me?"
His dad's 'worldwide profile' aft 10 years arsenic Republic of Ireland manager means his memorabilia is adjacent much valuable. "Most footballers person their medals boxed up and successful an attic," added John.
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Andy Commins / Daily Mirror)"But evidently the World Cup medal is thing else. My dada and uncle Bobby are inactive the astir celebrated footballing brothers. I've nary uncertainty that would adhd to the worth of the medals.
"It is atrocious capable taxing people's wealth and property, but taxing the medal is perfectly daylight robbery. My dada was down the mines astatine 14 and went to Leeds Utd astatine 15. He worked each his beingness and paid taxation each his beingness and past they travel and instrumentality it disconnected you.
"Obviously my mum could wage her measure but she could person been near successful a concern wherever she had to merchantability her location oregon merchantability my dad's medals. My dada made much wealth retired of existent property than shot and made much wealth retired of absorption than arsenic a player."
Jack's medals and memorabilia are kept successful a slope safe. John added: "I would alternatively merchantability my concern than merchantability the medal. It volition beryllium passed to my children and hopefully my children's children."
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Andy Commins / Daily Mirror)Inheritance Tax is paid connected the property of idiosyncratic who has died, including each property, possessions and money. The modular complaint is 40%. It is charged connected each the deceased's property supra the tax-free threshold which is presently £325,000.
John recalled however his dada gave 1 past thumbs up earlier helium passed distant peacefully with his woman of 62 years Pat, present 90, girl Deborah Wilkinson, 61, and lad Peter, 57, by his broadside 4 years ago. "It was conscionable similar dad," said John. "He had a play with his grandchildren, it was precise peaceful and emblematic of him, a bully mode to go.
"He had an astonishing beingness and near large memories. His grandkids volition ever beryllium capable to look astatine each the photos of him, the TV coverage, and work the reports of what helium did. Not galore radical person that."
A Government spokesperson said: “We bash not remark connected idiosyncratic taxation affairs." There is an inheritance taxation exemption for decorations, medals oregon awards erstwhile the accomplishment and work to the state has been awarded 'by the State oregon the Crown'.
Where are they now? The medals of 1966
Hat instrumentality leader Sir Geoff Hurst, the lone surviving subordinate of the 1966 team, sold his medal to aged nine West Ham for £150,000 successful 2001. The archetypal woman of skipper Bobby Moore, who died successful 1993 astatine 51, besides sold his memorabilia to West Ham, reportedly for much than £1.4m.
Gordon Banks, the goalkeeper, who mislaid the show successful his close oculus successful a car clang successful 1972, raised £124,750 successful 2001; helium died successful 2019. Legendary midfielder Nobby Stiles, who died successful 2020, made much than £200,000 from Man Utd for the merchantability of his memorabilia successful 2010, £160,000 for his world cupful medal and different £49,000 for his European Cup winning medal.
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Getty Images)Alan Ball, the youngest of the 1966 squad, sold his medal for £140,000 successful 2005, besides to rise funds for his family. He died successful 2007. Full backmost George Cohen, received £80,000 from his aged nine Fulham for his medal, and they enactment it connected show astatine Craven Cottage. His chap afloat backmost Ray Wilson sold his medal for £80,750 successful 2002 truthful helium could divided the currency betwixt his 2 sons alternatively than determine which 1 to permission it to.
Midfielder Martin Peters sold his medal to West Ham successful 2001 for an undisclosed sum. The fashionable midfielder needed to rise wealth aft being made redundant. Roger Hunt donated his medal to a Liverpool depository successful 2003 aft keeping it for 37 years.