The True Cost of the Royal Family

[Bugs ****ing Bunny]

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[Bugs ****ing Bunny]

Doesn't the monarchy own a big tract of land in London which they still manage themselves? I recall watching a documentary on the royals years ago in which Prince Andrew was shown managing the rentals on the property. IIRC the area is one of the most expensive residential districts in London (Whitehall? Kensington?) I assumed that the profits from those rentals went directly to the royal family.

There are an awful lot of murky holdings. The video in the opening post just focussed on Crown Estates, but there are loads of others- most notably the Duchy of Cornwall. It doesn't pay Corporation tax and is effectively treated as a charity, even though its only beneficiary is Prince Charles.

[Elok]

we still have a monarchy because by and large the british people support the institution, much to the annoyance of republicans.

Britons are divided over whether the Royals are divisive?

[C0ckney]

[Fake Boris]

Tijuana professional services

[Dauphin]

Charles pays income tax at 50% on Duchy income, and "pays income tax on all other income and capital gains tax like any private individual" according to his published accounts. Not sure where the notion he doesn't comes from. It's a "voluntary" arrangement though.

[Bugs ****ing Bunny]

Got any figures on when he started paying income tax at the higher rate? It's recent- certainly when I was looking at this within the past 5 years he was paying 25%.

[Dauphin]

https://www.parliament.uk/briefing-papers/SN00819.pdf

Section 4
As a Crown body, the Duchy of Cornwall is tax exempt, but since 1969 the Prince of Wales made voluntary contributions to the Exchequer. As from 1993, the Prince's income from the Duchy has been fully subject to tax on a voluntary basis. He has always paid tax, including income tax, in all other respects.

Looking around, it was 50% until he married Diana, and then 25% until 1993.

[Bugs ****ing Bunny]

I'm loving his accounts, incidentally. His "official duties" expenditure is tax-deductible, which looks fair enough on first glance. Then you see it includes salaries for valets and numerous other flunkies. Aaaaaand it all starts looking rather less fair enough.

[Dinner]

In the US payroll gets deducted as a business expense. Are you telling me in the UK every business doesn't get to deduct payroll as a business expense?

[Bugs ****ing Bunny]

"Business"? With all the vulgar requirements to pay corporation tax which that sobriquet entails?

Plus, more seriously, I really don't think many businesses get multi-million pound grants from the government to fund "official duties", which get spent on employing people to iron your shirts and put toothpaste on your toothbrush, and then get the tax claimed back on. Maybe America is more generous in that respect?

[Hauldren Collider]

Get them an appointment with Lady Guillotine

[notyoueither]

"Business"? With all the vulgar requirements to pay corporation tax which that sobriquet entails?

Plus, more seriously, I really don't think many businesses get multi-million pound grants from the government to fund "official duties", which get spent on employing people to iron your shirts and put toothpaste on your toothbrush, and then get the tax claimed back on. Maybe America is more generous in that respect?

I'm curious how household staff of the wealthy are accounted for.

I wonder how many people claim the butler as a business expence? For someone who has been threatened, is the security/household help an expense?

Hmmm.

[Dauphin]

Childcare here isn't consider a business expense, even though it is often "wholly, exclusively, and necessary" for the individual to work. There is talk of changing that though.