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Ben Goldsmith's 15-year-old daughter has been killed in a quad bike accident tragedy at the family's farm in Somerset.

Ambulance crews were called to the home in the village of North Brewham yesterday afternoon after the millionaire financier's eldest daughter Iris Annabel was involved in a crash.

Locals in the quiet village told of their shock as the high-profile family comes to terms with the teenager's death, who is the daughter of heiress Kate Rothschild.

'Everyone here who's heard what happened is devastated by this,' said a man living nearby.