/ The Sovereign Grant and The Crown Estate

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Douglas Griffin - on 27 Jun 2013
As part of a deal negotiated in 2011, the Sovereign Grant (essentially the Queen's funding as Head of State) is calculated as:
- 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...

More here:
http://www.bbc.co.uk/news/business-23065599
toad - on 27 Jun 2013
In reply to Douglas Griffin: One is all in this together
TMM - on 27 Jun 2013
In reply to Douglas Griffin:

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.
http://www.telegraph.co.uk/news/uknews/prince-charles/9583920/1m-from-those-who-die-without-wills-pa...

Nice little earner with £1m pocketed in 6 years.

http://www.guardian.co.uk/uk/2013/may/01/prince-charles-intestate-cash-cornwall
dissonance - on 27 Jun 2013
In reply to TMM:

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.
JLS on 27 Jun 2013
In reply to TMM:

>"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.
Douglas Griffin - on 27 Jun 2013
In reply to TMM:

> Nice little earner with £1m pocketed in 6 years.
> http://www.guardian.co.uk/uk/2013/may/01/prince-charles-intestate-cash-cornwall

And yet:

http://www.royal.gov.uk/LatestNewsandDiary/Factfiles/Royalfinances.aspx
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

The New NickB - on 27 Jun 2013
In reply to Douglas Griffin:

I am surprised that PoopShoot hasn't accused you of treason yet!
Cuthbert on 27 Jun 2013
In reply to Douglas Griffin:

Did you see the "report" on the BBC website? Basically a press release from the CE with no challenge or anything.
Douglas Griffin - on 27 Jun 2013
In reply to Saor Alba:

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.
Douglas Griffin - on 01 Jul 2013
In reply to TMM:
> 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.

It's getting a bit of an airing tonight by the look of things:
http://www.channel4.com/programmes/dispatches/episode-guide/series-132/episode-1
Sir Chasm - on 01 Jul 2013
In reply to Douglas Griffin: So the queen pays 85% tax on the profit she makes? That's outrageous!
In reply to TMM: it's amazing how you've managed to read just the bits you want to!!

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?
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dissonance - on 01 Jul 2013
In reply to Cookie (North East Wales MC):

> 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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