Documentary Reveals Income Sources, Tax Exemptions of Duchies of Lancaster and Cornwall
A recent investigation by Channel 4's Dispatches and The Sunday Times has revealed new insights into the wealth generated by the Duchies of Lancaster and Cornwall—two historic estates held by King Charles and Prince William. The in-depth report disclosed that these estates, dating back centuries, are set to yield around £50 million in revenue from contracts with public bodies and charities over the coming years.
The Duchy of Lancaster, a trust established in the 14th century for the reigning monarch, encompasses valuable land, heritage properties, and prime agricultural assets across England and Wales. This estate has long played a crucial role in sustaining royal finances, contributing through strategic asset management and development.
Likewise, the Duchy of Cornwall, valued at over £1 billion, provides significant income for the heir to the throne. Both estates benefit from exemptions from Corporation and Capital Gains Taxes, though King Charles and Prince William voluntarily pay income tax on their earnings from these assets.
The revelations arrive amid increasing public scrutiny, with calls for transparency surrounding the financial privileges and substantial economic power these estates hold.
