King Charles III will inherit his mother's private fortune, which was said to be $426 million this year, and the monarch will not have to pay the inheritance tax. Apart from the throne and Queen Elizabeth II's private fortune, the new King will take on the roles and responsibilities of his mother, including some unusual perks, which include two birthdays, no voting, no license or passport.
Parliament is the UK's highest legislative authority and comprises the House of Commons, House of Lords, and Crown, another name for monarchy. The Crown is the oldest part of Britain's government system. However, its powers have withered away over time and are now broadly ritualistic.