Royal News and Views

Royal News and Views
[ Royal News and Views ]

Prince of Wales revealed as one of Britain's largest taxpayers amid £7m bill Report

Posted by Karen on May 5, 2026, 8:27 am

https://www.hellomagazine.com/royalty/899263/prince-william-revealed-britains-largest-taxpayers-bill/

Re: Prince of Wales revealed as one of Britain's largest taxpayers amid £7m bill Report

Posted by Hollie24 on May 5, 2026, 8:00 pm, in reply to "Prince of Wales revealed as one of Britain's largest taxpayers amid £7m bill Report"

I'm confused. What arrangement did the late Queen and Parliament come to in 2013? Also, Charles started paying a voluntary tax on his income in the 1970s. The Queen started paying income tax in 1993, after the Windsor Castle fire.

Sovereign Grant Act 2011: guidance

Posted by Karen on May 6, 2026, 8:22 am, in reply to "Re: Prince of Wales revealed as one of Britain's largest taxpayers amid £7m bill Report"

8. Tax
The Monarch is not legally liable to pay income tax, capital gains tax or inheritance tax because the relevant enactments do not apply to the Crown. The same is true for the income from the Duchy of Cornwall which is paid to The Prince of Wales. Since 1993, The Monarch and the Prince of Wales have voluntarily paid tax. This is set out in a Memorandum of Understanding on Royal Taxation, updated July 2023.

The King is not liable to pay tax on the Sovereign Grant as it covers official expenditure only and, under the arrangements in the Memorandum, tax would not be due.

Other key points to note:

the King voluntarily pays income and capital gains tax, alongside inheritance tax to the extent described in paragraphs 1.10 and 1.11 in the Memorandum. Tax is also paid on The King’s Privy Purse income (which includes income received from the Duchy of Lancaster) to the extent that it is not used for official purposes
other members of the Royal Family are fully liable to tax in the normal way. The cost of their official duties is allowed against tax

https://www.gov.uk/government/publications/sovereign-grant-act-2011-guidance/sovereign-grant-act-2011-guidance

Re: Sovereign Grant Act 2011: guidance

Posted by Hollie24 on May 6, 2026, 10:52 am, in reply to "Sovereign Grant Act 2011: guidance"

THanks. The article was referring to an agreement reached in 2013.

Re: Prince of Wales revealed as one of Britain's largest taxpayers amid £7m bill Report

Posted by Nellie on May 5, 2026, 11:10 pm, in reply to "Prince of Wales revealed as one of Britain's largest taxpayers amid £7m bill Report"

It is so encouraging to read this about Prince William.
It is evidence of his good intentions for the Royal Family.

I wonder who the rest of the 0.002% might be. Possibly corporations.

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