Jade Goody's money for sons wiped out by huge tax bill

Image
Press Trust of India London
Last Updated : Apr 22 2013 | 4:00 PM IST
Jade Goody's two sons could be left with nothing after her estate was hit with a tax bill of one million pound.
The huge tax bill would wipe out the cash that the former 'Big Brother' star left to Bobby Jack, nine, and Freddie, eight after her death from cervical cancer in 2009.
Goody's mother Jackiey Budden, 55, said the family was "livid" over the Inland Revenue's "heartless" demand and would seek legal advice, the Daily Mirror reported.
"It is devastating. It was her dying wish that the two boys had the life she never had and now they might be left with nothing," Budden said.
Goody earned a reported 2.6 million pounds since shooting to fame on Big Brother in 2002, of which 1 million pound was left.
Inland Revenue originally demanded 566,000 pounds but now wants 1,035,902 pounds.
They ruled that the expenses and losses on Goody's beauty salon in Harlow, Essex, and costs including her wedding to Jack Tweed before she died did not qualify for tax relief.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 22 2013 | 4:00 PM IST

Next Story