The brilliant, millionaire and millennium rental business of Charles of England and his son William

The fate of the British royal family, One of the largest in the United Kingdom, and therefore, on the planet, has been a subject shrouded in mystery for decades. Although it is known Every year Windsor gets millionaire income, Details of the sources of his wealth are opaque, protected by complex financial schemes and tax exemptions agreed between the British state and Buckingham Palace. Channel 4 aired a sweeping report this weekend that has shocked the nation. The television channel, in collaboration with The Sunday Times, has finally revealed its originsThe personal property of both King Charles III and his son and heir Prince William, Acquired through the Dukedoms of Lancaster and Cornwall.

Millionaire Income and Tax Privileges

The British monarchy generates significant annual profits through the rental and operation of a variety of properties and facilities in the United Kingdom. Assets that contribute to this revenue include hospitals, schools, prisons, military installations, as well as land uses for ports, riverbanks and energy infrastructure. Last year alone, these properties recorded profits of almost €60 million, which Charles III and Prince William can manage freely, without the usual tax restrictions. For example, they are exempt from corporate and capital gains taxes, and their assets are protected from appropriation for public projects.

A thousand year old real estate legacy

The royal family owns vast tracts of land dating back to the Norman Conquest of 1066. Many tourists visiting iconic London landmarks such as Regent Street are unaware that they are stepping onto land belonging to the British Royal Family or aristocratic families who, even today, derive significant benefit from its properties. Although the Crown transferred most of its land to the government three centuries ago, it is still managed by the Crown Estate, which generates millions in revenue annually. Of that amount, a portion goes to the royal family to meet official expenses; This amount is expected to reach 157 million euros by 2025, while the budget of the Spanish royal family is only 8.5 million.

Besides, The British Parliament allowed the Windsors to retain ownership of the duchies of Lancaster and Cornwall. These duchies, which generated an income of approximately six million euros each year in the 1960s, today record an income of approximately 30 million euros each year, due to the continuous increase in real estate value. Together they cover an area of ​​approximately 728 square kilometers in England and Wales, much of which is land of medieval origin.

disclosure investigation

A five-month investigation by Channel 4 and The Sunday Times has revealed the extent of the royal family’s real estate holdings. Journalists gathered public information, reviewed business records and interviewed dozens of tenants and lessees. A computer system analyzed the information, detailing 5,410 real estate properties across the two duchies, which have been the subject of calls for transparency from Buckingham Palace for years.

Benefits to public institutions and the state

The investigation revealed that the royal family collects rent for land and facilities used by government entities and private organizations, generating income from tolls, power transport, use of ports and more. A prominent example is Dartmoor Prison, which pays the Crown €1.8 million annually to house 640 prisoners. London’s Guy’s and St Thomas’ Hospital also pays around one million euros annually for the use of the land where its ambulances operate.

Similarly, the Duchy of Cornwall receives significant sums from the rental of land where schools are located, such as Princetown Community Primary School (380,000 euros per year) and Farrington Gurney Primary School in Bath (71,000 euros per year). The Ministry of Defense pays one million euros annually to the Royal British Navy School, where both Charles III and Prince William trained. Similarly, the government pays 12,000 euros annually in easement rights for replenishment operations for the nuclear submarine fleet at Plymouth.

minimum tax liability

Although Charles III and Prince William voluntarily pay income tax at the maximum rate of 45%, their contributions are limited compared to total income. In 2022, Charles III paid seven million euros in taxes, which, after applying tax deductions and exemptions, was only 25% of the income generated by the Duchy of Lancaster that year. This research sheds light on the mechanisms that allow the British Royal Family to achieve million-dollar incomes with minimal tax burden in an environment of unique tax privileges.