By Caroline Graham In Los Angeles For The Mail On Sunday
Published: 22:01 BST, 3 October 2020 | Updated: 11:35 BST, 4 October 2020
Prince Harry could face a 'monumental' tax bill unless he takes a break from his £11 million Californian mansion next month, according to experts.
The Prince moved to Los Angeles with his wife Meghan and their baby son Archie in early May after leaving a rented mansion in Vancouver, Canada, in March.
The couple were first reported to be staying at a sprawling Beverly Hills mansion owned by TV producer Tyler Perry on May 7 – meaning that, as of today, Harry has been in the US for at least 151 days. If he reaches 183 days he is legally liable to pay taxes there.
Top LA tax lawyer David Holtz last night said: 'You can safely assume that someone at the Internal Revenue Service [IRS] is looking very closely at him. This is a big deal.'
Prince Harry moved to Los Angeles with his wife Meghan and their baby son Archie in early May after leaving a rented mansion in Vancouver, Canada, in March
Harry, 36, faces paying both US federal and Californian state taxes under the 'substantial presence test' that requires any foreigner who spends 183 days in the country during a three-year period to pay US taxes on worldwide earnings.
Another tax expert said: 'Harry's bill could be monumental and could open up a can of worms for the Royal Family because the IRS will want to know all his sources of income.sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more