Chapter 77 Neutrality and Charity

Daisy, at least as the direct handler, was surprised by Barron's profits from securities investment, let alone Yulia.

Even though Julia's opinion of Barron had changed greatly because of his actions after inheriting the family business, when Barron made a bet with her that he could make more than 50 million pounds from investing in the stock market, she just regarded it as the arrogance of a young man after some success.

As for how likely it is that Barron is an investment genius?

In fact, in the memories he got from his predecessor, Barron could feel that in family affairs, as the second son of the Duke's family, his predecessor, not to mention his brother, even Yulia, who was not a family member, was in a more core position than him - after all, the position of manager of the family trust fund was definitely a position that could only be held by the most trusted person of the family boss.

Because in fact, the so-called trust fund is actually a kind of asset with "neutral" attributes.

When family assets are placed in a "trust fund", most taxes and inheritance taxes can be exempted because of the "neutral" nature of such assets.

In theory, the assets in a family trust fund no longer belong to a certain individual or family, but are a kind of "neutral assets". It is only through the setting of various attributes of the fund as well as the fund managers and trustees that these assets can be controlled by the family.

To put it bluntly, you have the right to use these assets but not the ownership.

But it is an asset for inheritance, and the right to use it is the most important. As for the ownership...

Just like those in power, the position that allows one to use power is what matters most.

This also shows the importance of the position of manager of the family trust fund - this is also the reason why before Barron completes the inheritance and becomes the trustee of the fund, he cannot use the assets of the family trust fund unless Yulia cooperates.

In fact, Yulia cannot be considered an employee of the Devonshire family because the "ownership" of the family fund does not belong to the Devonshire family - at least in theory.

Of course, this is only in theory. The trust fund itself is created by capital for inheritance, and there is an aspect of compromise with the state. But in the final analysis, capital cannot give up its control over it. The so-called "neutrality" is nothing more than a "beautiful lie."

Having said that, even Yulia's opinion of Barron has changed for the better because he is very different from her previous impression of him.

But how could he make 50 million pounds in a short period of time by investing in the stock market?

This is also the reason why Yulia was able to agree to Barron's "bet" at that time.

Do you really think it is so easy to make money through finance? Which of the Dukes of the Devonshire family was not more capable than ordinary people? But the 11th Duke of Devonshire struggled for 24 years for the inheritance tax of 7 million pounds!

And the previous Duke, Barron's father, lost more than 25 million pounds in investment!

These examples all prove the difficulty of making money through investment.

But now, the real scene happened right in front of Yulia. After she confirmed the operations of DS Capital and the profits obtained - more than 200 million pounds, they were still lying in the account of this investment company!

All these things proved that Barron had done it, and it had only been less than two months since their last bet!

He hadn't even done it in the six months he had said before...

"So, Ms. Moore, do you remember our bet?"

Barron's every move can be described as elegant, and the smile on his face looks very sunny to others.

But in Yulia's eyes at this moment, everything was completely different.

Don't think that a so-called "date" is just about having a meal together or something…

In the UK, or Europe and America, in many cases, agreeing to have dinner together means that you will naturally go to bed later...

Yulia once didn't think that earning 50 million pounds in half a year was something she needed to consider, so she didn't need to care about the specific meaning of this "date" at all.

But now that she really has to fulfill her "bet", she can't help but consider these things.

"What do you want me to do, Your Highness?"

Barron rarely sees Yulia's anxious expression, and he is enjoying this moment very much.

"Just as we agreed, we will have a romantic date..."

He deliberately emphasized the word "date":

"You would think so, right, Ms. Moore?"

"But you, you already have a girlfriend..."

Who would eat the prey immediately after catching it? Watching the prey struggle helplessly is probably the most pleasing and enjoyable thing...

Therefore, Barron still smiled at Yulia's words:

"Based on your understanding of the nobility, it seems that you should not say such things, Ms. Moore."

"Okay, I will do what I promised, Your Highness."

Seeing Yulia bit her lip and said this with some kind of determination, Barron patted her arm and said,

"Believe me, Ms. Moore, it will be a beautiful memory, not what your expression now makes people feel."

…

Now I finally have money. Since Barron came into this world, I can say that now I can finally feel a little more relaxed.

Before this, he had many ideas and plans, but due to the shortage of funds, he could only try to find ways to maneuver them around, which was very time-consuming and laborious.

The first thing that started was the overall renovation plan of Chatsworth House - DS Capital donated 20 million pounds to the Chatsworth House Charitable Trust for the renovation of the house.

Yes, the three castles and estates owned by the Devonshire family, including Chatsworth House, are all under the name of the Chatsworth Charitable Trust held by the family trust fund.

The advantage of doing this is that the manor only needs to meet certain conditions for being open to the public, and it can be managed through this charitable trust, and can even accept donations from the public, as well as maintain the maintenance of these manors and castles by charging admission fees and venue rental fees.

Although Barron and his family need to pay rent according to regulations even though they live there now, this does not change the fact that the manor is actually controlled by the family.

And there is another advantage. Even if DS Capital's "donation" to the Chatsworth House Charitable Trust is actually a transfer from one hand to the other, it can still be used as a tax deduction based on the "charitable donation". Isn't that cool?

In this overall renovation and transformation of Chatsworth House, according to what Barron had previously communicated with butler Sean, they will first start with the approximately 30 rooms originally open to the public. In addition to the place where Barron and his family live on a daily basis, approximately 40 additional rooms will be reserved for the upcoming filming of the "Betrayal" program.

After the public rooms are repaired and renovated, the reality show "Betrayal" will basically be completed. The rooms they use will be repaired and renovated next. The last thing to be done is the repair and renovation of the area where Barron and the servants live on a daily basis.

The entire process will take at least one to two years to complete!