US EditionPublished • loading... • Updated
Prince William Pays £7 Million in Income Tax, Reports The Times
The figure places him among the UK’s top 0.002% of taxpayers, as scrutiny grows over duchy finances and public-body charges.
- Prince William pays up to £7 million in annual income tax, largely from Duchy of Cornwall receipts, placing him among the top 0.002% of UK taxpayers, it was revealed.
- Under a 2013 Treasury agreement, Prince William is not legally liable for income tax on Duchy income, yet voluntarily pays the top 45% rate; the Duchy of Cornwall, established in 1337, provides the majority of his annual funding.
- A Kensington Palace spokesperson confirmed: "The Prince of Wales pays the top rate of income and capital gains tax on all his personal income, including receipts from the Duchy." William deducts official expenses before calculating his tax bill.
- Following a Sunday Times investigation revealing the Duchy charges public bodies including the NHS and schools for land use, William stopped imposing rents on lifeboat stations and village halls, though Dartmoor Prison leases remain under review.
- Critics including former Home Office minister Norman Baker argue the Duchies should be rolled into the Crown Estate for public benefit, citing lack of transparency around tax deductions as pressure mounts for structural reform.
Insights by Ground AI
11 Articles
11 Articles
Prince William's income tax bill revealed putting him in top 0.002% of contributors
Prince William contributes up to £7million annually in income tax, putting the heir to the throne among Britain's highest taxpayers.This whopping figure places him in the top 0.002 per cent of those paying tax in the United Kingdom.The future king's wealth stems primarily from the Duchy of Cornwall, a historic estate valued at approximately £1.1billion.This huge property portfolio generates upwards of £20million each year for the Prince of Wales…
·London, United Kingdom
Read Full Article
The Times reveals it. The Duchy of Cornwall makes him 20 million a year (ANSA)
·Italy
Read Full ArticleCoverage Details
Total News Sources11
Leaning Left1Leaning Right2Center5Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
13%
C 62%
R 25%
Factuality
To view factuality data please Upgrade to Premium
