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Princess Anne and daughter zara © Max Mumby/Indigo

Zara Tindall faces inheritance problem with mother Princess Anne's Gatcombe estate

Princess Anne's daughter Zara Tindall and son Peter Phillips could be facing a massive tax bill in the future thanks to the new Labour government

Rachel Avery
Homes Editor
November 14, 2024
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Zara Tindall, 43, and her brother Peter Phillips, 46, both live on their mother's estate Gatcombe Park in Gloucestershire, and it is believed that one day they will inherit the property and farmland. However, they could be facing a mammoth tax bill when that day comes and that's all thanks to the UK's Labour government, as reported by the Mail Online

From 2026, the government will introduce a tax of 20% on inherited farming assets above £1 million.

WATCH: Zara and Mike Tindall let cameras into their private 'party barn'

Chancellor of the Exchequer Rachel Reeves has clarified that due to other tax relief measures in place the figure could in fact be around £3 million before tax. However, as Princess Anne's Gatcombe estate and farm is worth an estimated £ 6 million, this will dramatically impact the inheritance tax paid when it changes hands.

Gatcombe Park, Residence Of The Princess Royal And Her Family© Tim Graham
Gatcombe Park is the residence of The Princess Royal

Many farmers have been protesting over this new change, worrying that it will be the death of family farms that get passed down the generations.

What has Princess Anne said about her glorious home?

Speaking to Countryfile, the Princess Royal spoke candidly about the farming at her home: "It's really nice to come back and just be yourself in an area like this. Being able to take on a place like this – for me, I’ve got to make it work. This is not something that comes free, this has got to pay its way, otherwise I can’t stay here."

princess anne home living room z© Photo: Getty Images
Anne's low-key lounge has been praised by fans for being relatable

As well as the revenue obtained by the farm itself, the estate also plays host to a few events throughout the year, including the annual Festival of British Eventing.

The Princess Royal has lived at this property since 1976 when her mother, the Queen, purchased it for her daughter and her former husband, Captain Mark Phillips. She now lives there with her current husband Sir Timothy Laurence.

What is Zara Tindall's home with husband Mike like?

Zara and Mike tindall in front of gatcombe home © Getty
Zara and Mike live on Anne's estate

The couple have a seven-bed farmhouse called Aston Farm which is located next to Anne's home, on the same estate. They live there with their three children Mia, Lena and Lucas. And while they do not share too many looks inside, fans have been given glimpses inside their private gym and stunning garden.

Princess Anne, The Princess Royal, Mike Tindall and daughter Mia Tindall watch Zara Phillips play in a Jockeys vs Olympians charity polo match at the Beaufort Polo Club on June 19, 2016 in Tetbury, England© Max Mumby/Indigo/Getty Images
Mike is close with his mother-in-law

The property also has its own 'party barn' making it great for hosting events. In a 2022 interview with Vogue, the space was revealed for the first time: "At the centre of the farm is a converted barn known to all as 'the party barn' with a bar and catering facilities, giant screen and lounges that combine to make it the perfect setting for a gathering of old friends." It has vaulted ceilings with gorgeous wooden beams, its own kitchen and plenty of space for a dancefloor.

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