/ The Sovereign Grant and The Crown Estate
- 15% of the profits from The Crown Estate in the previous year, OR
- the Sovereign Grant for the previous year
, whichever is the greater. (i.e. the Sovereign Grant cannot decrease from one year to the next, even if The Crown Estate were to make a loss. Handy, eh?)
As a result of profits made by The Crown Estate in the last year the amount paid to the Queen will increase from £36.1m in 2013 to £37.89m 2014, a pay rise of 4.8% (approx £34k/week). The balance of the profits go to The Treasury.
I'm guessing it's not means-tested...
It gets better in feudal Cornwall when someone dies without a will their estate is passed onto the deserving Charles.
Cannot believe it's not a bigger story.
Nice little earner with £1m pocketed in 6 years.
to get the best leaders you need to pay for the best.
If he didnt get it he might go to another country and teach them the benefits of alternative medicine.
>"Nice little earner with £1m pocketed in 6 years."
Damn, don't some people just seem to always land on their feet!?
Never happens to me.
13. Although The Queen's estate will be subject to Inheritance Tax, bequests from Sovereign to Sovereign are exempt*. This is because the Sovereign is unable to generate significant new wealth through earnings or business activities, and to recognise the requirement for the Monarchy to have a degree of financial independence.
*in other words, when Charles eventually inherits Balmoral, he won't pay Inheritance Tax
I am surprised that PoopShoot hasn't accused you of treason yet!
Did you see the "report" on the BBC website? Basically a press release from the CE with no challenge or anything.
It also repeats the often-heard claim from The Crown Estate that it owns the land under its jurisdiction. It doesn't; it administers it but the Queen is the legal owner.
> Cannot believe it's not a bigger story.
It's getting a bit of an airing tonight by the look of things:
qoute: "The Prince of Wales does not, however, keep any of the money; instead it is distributed in charitable donations through the Duke of Cornwall’s Benevolent Fund, with a small amount kept in reserve for any future claims on unclaimed estates. "
surely you don't take issue with unclaimed estates passing to Charity?
depends on the charity really. Seems to be some self interest in those chosen.
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