Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Bruce Forsyth 'leaves £17 million' to his wife

Veteran TV star reportedly passes on fortune to Wilnelia Merced, avoiding inheritance tax

Rachael Pells
Sunday 20 August 2017 10:23 EDT
Comments
Bruce Forsyth dies at the age of 89

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Bruce Forsyth has left his entire fortune to his wife to avoid inheritance tax, it has been reported.

Sir Bruce’s third wife, former Miss World Wilnelia Merced, inherits £17m from the television presenter, who died on Friday aged 89.

A source told the Daily Star on Sunday: “Bruce hated the idea of his estate getting devalued by inheritance tax and spoke about that publicly before his death.

“But leaving everything to Wilnelia means he avoids inheritance tax. He is likely to have done that as he trusted her to distribute the wealth among their relatives.

Sir Bruce leaves behind six children, nine grandchildren and three great-grandchildren.

Once his fortune is transferred, Ms Merced will be able to transfer up to £650,000 to each relative tax free.

Speaking to the Radio Times in 2015, he described inheritance tax as “a bit over the top”.

He told the publication: “I think your inheritance should go to your children more than back to the country that you've lived in.

“I'm not saying you don't owe the country something, of course you owe your country a lot for living there all those years. But I think it can be a bit over the top.'

Sir Bruce's career began when he was just 14 and spanned more than 75 years.

Considered a veteran of British television, he was at one time Britain's highest-paid TV star after hosting a string of popular game shows including Play Your Cards Right and The Price is Right.

He is known for presenting BBC One’s Strictly Come Dancing alongside Tess Daly, before leaving due to ill-health in 2015.

Ms Merced is now the sole director of Sir Bruce’s company, Bruce Forsyth Enterprises, said to be worth more than £6.2m.

His home in Surrey is worth an estimated £4m, and he also owned two properties in Puerto Rico estimated at £4m in total.

He never claimed his basic state pension

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in