Does the Duke or Duchy of Cornwall pay capital gains tax?
The Prince pays capital gains tax but not in respect of the Duchy of Cornwall because he does not receive the capital gains (as he is not entitled to the capital assets). Although The Duchy is exempt from capital gains tax the Duchy’s Capital Gains have to be reinvested in the business and cannot be distributed. It is thus likely that no significant Capital Gains tax would be payable as a result of normal business tax exemptions.