Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does the Duke of Cornwall pay tax on the income from the Duchy?

Cornwall duchy Duke income pay tax
0
Posted

Does the Duke of Cornwall pay tax on the income from the Duchy?

0

Yes. Like everyone else, The Prince of Wales pays income tax including on his income from the Duchy of Cornwall. The Prince of Wales also pays Capital Gains Tax on all capital gains which he receives; however, he does not receive any capital proceeds or gains from the Duchy of Cornwall because he is not entitled to them.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.