England World Cup hero’s son reveals £200k Inheritance Tax row over winners’ medal

Wait 5 sec.

Jack Charlton’s son has been forced to give his World Cup winners’ medal back to his mother due to an Inheritance Tax bill.The England international was part of the side which lifted the Jules Rimet trophy in 1966.Charlton’s son is involved in a £200,000 Inheritance Tax row over his father’s World Cup winners’ medalRexAlongside his brother Bobby, Charlton helped the Three Lions beat West Germany 4-2 at Wembley Stadium after extra time.However, on the 60th anniversary of the final, his son John has revealed he is not in possession of his father’s winners’ medal.Instead, he has had to give it back to his mother despite being left the piece of memorabilia in his dad’s will.Charlton passed away aged 85 in 2020.World Cup winners’ medalJohn spoke to Andy Goldstein and Stuart Pearce live on talkSPORT Breakfast on Thursday morning.Having called in to discuss Eddie Howe’s imminent exit from his beloved Newcastle United, he was asked about the World Cup triumph.England’s win over West Germany came on July 30, 1966, exactly 60 years ago.Revealing both his dad and uncle had kept hold of their medals, he explained: “Funny enough, me and Eddie (Howe) were talking about his medal.“I think there’s only him and my uncle Bobby who have kept their medals. Everybody else doesn’t have them anymore.”Asked where his father’s medal is, he replied: “I’ve got it.”Charlton and his brother Bobby both kept their World Cup winners’ medals, says JohnPAInheritance Tax rowJohn quickly added that it was not actually in his possession, though, due to a row over Inheritance Tax.He continued: “Well, there’s a bit of a problem with it, actually.“When I say I’ve got it, it was left to me in my dad’s will, but the tax man wants £200,000 off me in Inheritance Tax.”When asked if he is going to sell it, however, he added: “No, I’ve given it back to my mother because whilst she’s got it, I don’t have to pay that money.”In the United Kingdom, the standard Inheritance Tax rate is 40 per cent on the value of an estate above a £325,000 threshold.John is hopeful the issue can be resolved, though, explaining: “There’s a journalist from the Daily Mirror who’s been working on it and helping us to try and sort it, but the same applies to Olympic gymnasts and people like that.Charlton’s son was left his World Cup medal, shirt and cap but faces a row over the Inheritance TaxGetty“If they decide to sell their gold medals, they’re going to have to pay. Their family, sorry, pass it on, they’re going to have to pay Inheritance Tax on that. This is something that they’ve been trying to sort out.”It is not just his father’s World Cup medal which he has, with John also in possession of his final shirt and England cap.He revealed his cap from the tournament is the only one his dad kept hold of after his playing days.John concluded: “I’ve got his shirt. Well, we’ve got his shirt as well. His shirt and his medal are in a safe place, tucked away.“And the England cap that he got because he only got one cap for the tournament and that’s the only cap that he left. He gave the rest away.”Charlton won 35 caps for England between 1965 and 1970, scoring six goals.Charlton guided the Republic of Ireland to three major tournaments during a legendary spell as managerPAMeanwhile, he spent his entire club career with Leeds United, winning a league title, FA Cup, League Cup and two Inter-Cities Fairs Cups.After retiring, Charlton went on to manage Middlesbrough, Sheffield Wednesday, Newcastle and the Republic of Ireland.His time as Ireland manager saw him guide them to their first ever major tournament at Euro 1988.Charlton also took the Boys in Green to the 1990 and 1994 World Cups, their first appearances at the finals.