Why has the wealth of the British aristocracy declined over time?

by nuttyalmond

Watching the documentary 'The Last Dukes', there is a clear theme that the wealth of the aristocracy of Britain has been in perpetual decline especially since the early 1900s as many lost their large residences. What was the cause of this shift?

CChippy

There is certainly more to be said on the subject but you may be interested in this earlier question

https://www.reddit.com/r/AskHistorians/comments/3oecut/what_was_the_new_tax_that_contributed_to_killing/