King Charles, Prince William’s Tax-Free Multi-Million Pound Fortunes Uncovered – UK media portray
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King Charles and his son Prince William are growing their extensive fortunes with rents from British institutions at the side of colleges, fire stations and even hospitals, UK media has reported.
The Sunday Conditions newspaper and broadcaster Channel 4 joined forces in a five-month-lengthy investigation which uncovered higher than 5,000 land registry documents connected with the 2 males’s extensive property portfolios, the King’s Duchy of Lancaster fiefdom and Prince William’s Duchy of Cornwall.
Saturday evening Channel 4 aired the documentary The King, the Prince and their Secret Hundreds and hundreds, whereas The Sunday Conditions newspaper printed supporting documentation in a single day.
The claims made within the bid and within the click consist of:
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- Each and every duchies are making millions of kilos every year in rents from authorities departments, councils, companies, mining companies and the frequent public by a series of industrial rents and feudal levies on land largely seized by medieval monarchs
- The royals fee for the correct to unpleasant rivers; offload cargo onto the shore; whisk cables below their beaches; characteristic colleges and charities; and even dig graves. They develop revenue from toll bridges, ferries, sewage pipes, church buildings, village halls, pubs, distilleries, gas pipelines, boat moorings, opencast and underground mines, vehicle parks, condo homes and wind mills
- They characteristic as industrial landlords whereas having a different agreement with the Treasury exempting them from paying tax on their corporate earnings
- The documentary additionally cited plenty of examples the build carbon emissions on the land owned by the Duchy of Cornwall clashed with the values espoused by Prince William in his Earthshot advertising and marketing campaign, which specializes in maintaining the planet for future generations
The Sunday Conditions quoted a Duchy of Lancaster spokesman announcing: “The Duchy of Lancaster operates as a industrial firm, managing a astronomical vary of land and property assets across England and Wales. It complies with all connected UK regulations and regulatory requirements appropriate to its vary of industry activities.”
And a Duchy of Cornwall spokesman mentioned:
“The Duchy of Cornwall is a non-public property with a industrial imperative which we put alongside our dedication to restoring the natural ambiance and generating sure social influence for our communities.”