Jun 23, 2025, 8:10 PM
Jun 23, 2025, 8:10 PM
Glastonbury founder shifts wealth to daughter to dodge inheritance tax
- Sir Michael Eavis has taken measures to secure his wealth related to the Glastonbury festival.
- He has transferred his financial interests primarily to his daughter and a family trust.
- This action is aimed at potentially avoiding an £80 million inheritance tax.
In the United Kingdom, Sir Michael Eavis, the founder of the renowned Glastonbury festival, has reportedly taken significant steps to manage his financial interests concerning the festival. Recently, it has been revealed that he moved most of his financial stake in the festival to a family trust and allocated a large portion to his daughter. This move came amidst the festival's growing valuation, which has been appraised at approximately £400 million. By transferring his financial interests, Eavis is strategically positioning himself to potentially avoid a hefty inheritance tax estimated at £80 million.
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