Buckingham and Kensington have different communication policies, and so do Charles III and his son William. Above all, in terms of taxes. The heir has broken with the tradition established by his father and has not disclosed the liquidation corresponding to the income from the historic Duchy of Cornwall. We are talking about 28 million euros. This is published by the magazine People.
Just a few weeks ago Buckingham made public the annual accounts of the House corresponding to the financial year 2023 and 2024, coinciding with the first year of the reign of Charles III. Sovereing Grant Report 2024 (the payment made by the British government to the royal family) reflects the activity of the Windsors, which brings their official commitments to more than 2,300 both in the United Kingdom and abroad.
The amount received by the King has remained at £86.3 million (€102.7 million) for the third consecutive year, but this report reflected an increase to £132 million (€157 million) which will be made effective next year. This increase is justified by the financing of the works at Buckingham Palace. More data from the report: the coronation of Charles III, which amounted to €714,000. And the income of the Prince of Wales, which amounted to £23.6 million (€28 million) corresponding to the aforementioned Duchy of Cornwall inherited from his father. This is where the controversy has erupted: “It is assumed that (the prince) has paid his taxes after deducting domestic expenses, but he has not made the amount public as his father had done,” he says. People. In this critical line, he has titled The Telegraph: “Prince William refuses to reveal how much tax he pays”. También, Instyle“Prince William Broke Royal Tradition by Refusing to Disclose an Important Financial Detail”.
Holiday homes in Cornwall and Camilla’s interior designer sister
How much did Prince Charles pay? In 2021, the tax settlement for Cornwall amounted to around £5 million (€5.9 million); and in 2022, the year the Queen died, it was £5.8 million (€6.8 million). The prince does not have a salary as such, but receives his income from the House. In this case, from the duchy founded by King Edward III, which dates back to 1377 and is valued at €1 billion.
This vast estate, made up of 23 counties in England and Wales, is home to holiday homes (holidays cottages), set in idyllic countryside. The official website offers houses for rent in Cornwall, Wales and the Isles of Scilly. The interior designer who decorated these houses, Annabel Elliot, sister of Camilla Parker, has lost her job. The prince has dispensed with her services, partly due to her overly classic style. According to Lecturas, her fees reached 90,000 euros a year. She had been collaborating on this project since 2005. In addition, the prince has launched an initiative to build sustainable housing for homeless and underprivileged people.
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