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  #981  
Old 05-31-2016, 05:39 PM
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Originally Posted by padams2359 View Post
Stop paying the BRF. Just give them back the Crown Estates and let them be. Thought Not!
In fact, that is almost what happens now. The BRF no longer gets a civil list or an "apanage" as in other monarchies. They get instead a fixed percentage of the Crown Estates revenue, plus the revenue from the holdings in the Duchies of Cornwall and Lancaster, which is private money.
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  #982  
Old 05-31-2016, 05:57 PM
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Originally Posted by padams2359 View Post
Stop paying the BRF. Just give them back the Crown Estates and let them be. Thought Not!
When the monarch held the Crown Estates they were also expected to pay for the army and the legal system from those estates along with a large part of the administration of the country.

George III, in handing over the income of the Crown Estate, also handed over the funding of a large part of the country's administration to the government of the day.

The Duchies were set up to provide a clear difference between the income for private use and the income for running the country.

To give back the Crown Estates would necessitate the monarch becoming involved directly in political decisions - which they don't want and so don't want the Crown Estates back directly.

The income they now get from the CE is to pay for their official expenses and the maintenance of the Occupied Royal Palaces.
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  #983  
Old 05-31-2016, 06:49 PM
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I understood the Danish proposal was that the apanage that would normally be paid automatically once the child turns 18 would not be paid to those of Queen's grandchildren who are not expected to carry out Royal duties. It would not affect the Queen, her sons and their wives or the Crown Prince's eldest son. So in many ways, it would not differ from the current British system where funding is provided only to those carrying out official duties.

My source is the Daily Mail so it may or may not be accurate
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  #984  
Old 05-31-2016, 07:16 PM
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Originally Posted by VictoriaB View Post
I understood the Danish proposal was that the apanage that would normally be paid automatically once the child turns 18 would not be paid to those of Queen's grandchildren who are not expected to carry out Royal duties. It would not affect the Queen, her sons and their wives or the Crown Prince's eldest son. So in many ways, it would not differ from the current British system where funding is provided only to those carrying out official duties.

My source is the Daily Mail so it may or may not be accurate
Well, clearly the legislature does not share the DM's concept of who will get what. And since it is all about the numbers, which multiply logarithmic-ally through generations, I understand that.
The heir needs an heir and a spare. MHO, with healthcare as good as it is, an heir and a spare is "enough" as long as as anarchy does not ruin things.
Beyond that, large families force legislatures to look at who gets what in ensuing generations.
Big families are a joy to the family, but not to the legislature. And no one wants to set a precedent that they can't back off of in the next generation.
We live an age where people run the cost numbers over years to make decisions. This is no surprise.
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  #985  
Old 06-28-2016, 08:43 AM
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The annual reports from Buckingham Palace

https://www.royal.uk/sites/default/f...rt_2015-16.pdf

and Clarence House (includes the Cambridges and Harry)

Annual Review 2016

Crown Estates had a bumper year

Crown Estate delivers record £304.1 million to Treasury - Business Reporter
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  #986  
Old 06-30-2016, 08:47 AM
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The Prince of Wales is paying out more money for his family.

Remember, the younger royals receive no income of their own, and must rely on Charles to foot the bill. The more Charles spends on his sons, the less he has for himself and Camilla.

It's why we won't see the royal trio doing hundreds of engagements a year, until Charles is King and William is Duke of Cornwall.

The cost of official work by the Duke and Duchess of Cambridge and Prince Harry, rose to £3.2m, an increase of almost 10 per cent on the previous year.
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  #987  
Old 06-30-2016, 08:54 AM
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Originally Posted by Rudolph View Post
The Prince of Wales is paying out more money for his family.

Remember, the younger royals receive no income of their own, and must rely on Charles to foot the bill. The more Charles spends on his sons, the less he has for himself and Camilla.

It's why we won't see the royal trio doing hundreds of engagements a year, until Charles is King and William is Duke of Cornwall.

The cost of official work by the Duke and Duchess of Cambridge and Prince Harry, rose to £3.2m, an increase of almost 10 per cent on the previous year.
As both the palace and I have said several times.
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  #988  
Old 06-30-2016, 09:31 AM
hel hel is online now
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Originally Posted by Rudolph View Post
The Prince of Wales is paying out more money for his family.

Remember, the younger royals receive no income of their own, and must rely on Charles to foot the bill. The more Charles spends on his sons, the less he has for himself and Camilla.

It's why we won't see the royal trio doing hundreds of engagements a year, until Charles is King and William is Duke of Cornwall.

The cost of official work by the Duke and Duchess of Cambridge and Prince Harry, rose to £3.2m, an increase of almost 10 per cent on the previous year.
Well, no. The pile of money that their work is lumped with rose to 3.2m.

That line is "Other expenditure including capital expenditure and transfer to reserves and funding for the official activities of D&DoC & PH"

So there's a lot happening there.

In 2012, the last time that "Capital expenditure, loan repayments and transfers to reserves" was on a separate line from the trio's funding, it was 1.1m

In 2013, the "Other expenditure including capital expenditure and transfer to reserves and funding for the official activities of D&DoC & PH" appeared for the first time, and the amount was 2.0m

Thus we can guess that, probably, that year, it cost about £1m for their activities.

In 2014, it rose to 2.89m, which was a much more significant jump than in the latest report.

The question is whether the capital expenditure/transfer to reserves/loan has stayed steady at ~1 million or whether it's also risen. It's unlikely to have decreased, so the funding for the trio is not going to be more than ~2 million.
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  #989  
Old 07-21-2016, 11:14 AM
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The Duchy of Lancaster has today published its financial results for the year ended March 31st 2016.

Duchy of Lancaster Annual Report and Accounts Year Ended March 31st 2016 - Duchy of Lancaster
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  #990  
Old 10-02-2016, 10:18 AM
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Kate Middleton, Duchess of Cambridge's £66,000 Canada wardrobe is her most expensive | Daily Mail Online

Kate, 34, has been donning chic dresses and flattering silhouettes by London's most esteemed designers
The Duchess has worn some seriously high-end designer gowns by Preen, D&G and Alexander McQueen
Many of her outfits have cost upwards of £2,000 and her jewellery collection is equally as expensive
On Friday upped the glam factor with an Asprey necklace which, with charms, totals around £26,000
FEMAIL can reveal the total cost of the Duchess's eight-day wardrobe comes to a staggering £61,852
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  #991  
Old 10-02-2016, 10:51 AM
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Let's count stuff she already had and not mention that the Duchy of Cornwall income pays for the activities/expenses of the Cambridges not tax payer money.


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  #992  
Old 10-02-2016, 10:53 AM
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^^^ I was just going to mention this. In other countries it's the tax payer who picks up the tab, for the Cambridges, it's The Duchy of Cornwall.
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  #993  
Old 10-02-2016, 11:54 AM
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Originally Posted by Skippyboo View Post
Let's count stuff she already had and not mention that the Duchy of Cornwall income pays for the activities/expenses of the Cambridges not tax payer money.


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Isn't the Duchy of Cornwall a tax-exempt Crown corporation ? If so, that is equivalent in a way to the taxpayer footing part of the bill.
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  #994  
Old 10-02-2016, 11:58 AM
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From the Duchy's website -

Does the Duchy pay corporation tax?
The Duchy of Cornwall estate is not a corporation and therefore not subject to Corporation tax. However, The Prince does pays income tax on the Duchy’s surplus. If the Duchy also paid corporation tax, the Prince would effectively be taxed twice on the same income. Only companies pay corporation tax; many other large organisations which are not companies pay income tax.




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  #995  
Old 10-02-2016, 12:05 PM
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Originally Posted by Skippyboo View Post
From the Duchy's website -

Does the Duchy pay corporation tax?
The Duchy of Cornwall estate is not a corporation and therefore not subject to Corporation tax. However, The Prince does pays income tax on the Duchy’s surplus. If the Duchy also paid corporation tax, the Prince would effectively be taxed twice on the same income. Only companies pay corporation tax; many other large organisations which are not companies pay income tax.




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In other words, the Duchy doesn't pay corporation taxes (as I said). The PoW, after much public pressure, now voluntarily pays income tax on the income he gets from the Duchy, but only after deducting what is labeled "official expenses".
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  #996  
Old 10-02-2016, 12:09 PM
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The Cambridges are arguably the most high profile royals, yet they are given no official income. The money has to come from somewhere.

The Duchy of Cornwall is a well-managed private estate, which was established by Edward III in 1337.

The revenues from the estate are passed to HRH The Prince of Wales and Duke of Cornwall, who chooses to use them to fund his public, charitable and private activities and those of his family.

Frequently Asked Questions | The Duchy of Cornwall
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  #997  
Old 10-02-2016, 12:19 PM
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Originally Posted by Mbruno View Post
In other words, the Duchy doesn't pay corporation taxes (as I said). The PoW, after much public pressure, now voluntarily pays income tax on the income he gets from the Duchy, but only after deducting what is labeled "official expenses".

Why pay corporation tax when it's not a corporation? There are plenty of actual corporations that aren't paying taxes.


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  #998  
Old 10-02-2016, 12:29 PM
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Originally Posted by Skippyboo View Post
Why pay corporation tax when it's not a corporation? There are plenty of actual corporations that aren't paying taxes.


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That discussion should be moved to the "Costs and Fortune of the British Royal Family" forum, but, anyway, here is what Wikipedia says:

Quote:
The government considers the duchy to be a crown body and therefore exempt from paying corporation tax. The tax position of the duchy has been challenged by British republicans.[4] Following the ruling that the duchy was separate from Prince Charles for the purposes of regulation, Republic, the campaign for an elected head of state, has asked HM Revenue and Customs to investigate if the duchy should still be exempt from tax. The tax exemption is based on the assumption that the duchy estate is inseparable from the tax exempt person of Prince Charles, which is now open to question.[47]


Since 1993, the Prince of Wales has voluntarily paid income tax on the duchy income less amounts which he considers to be official expenditure.[48] The Prince paid a voluntary contribution to the treasury of 50% of his Duchy income from the time he became eligible for its full income at the age of 21 in 1969, and paid 25% from his marriage in 1981 until the current arrangement commenced in 1993. Tax is calculated after deducting official expenditure, the biggest source of which is the Prince's staff of about 110 who assist with his performance of official duties, including private secretaries and a valet working in his office at Clarence House and at Highgrove House. The official expenditure of the Prince of Wales is not audited by the National Audit Office.
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  #999  
Old 10-02-2016, 12:50 PM
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Originally Posted by tommy100 View Post
Kate Middleton, Duchess of Cambridge's £66,000 Canada wardrobe is her most expensive | Daily Mail Online

Kate, 34, has been donning chic dresses and flattering silhouettes by London's most esteemed designers
The Duchess has worn some seriously high-end designer gowns by Preen, D&G and Alexander McQueen
Many of her outfits have cost upwards of £2,000 and her jewellery collection is equally as expensive
On Friday upped the glam factor with an Asprey necklace which, with charms, totals around £26,000
FEMAIL can reveal the total cost of the Duchess's eight-day wardrobe comes to a staggering £61,852
I like to see these pieces to see if there was something I missed, and I did, that gorgeous red sweater.
What an absurd article, though. They count the price of the tanzanite earrings and charms necklace and several other earrings she has had for years. Why not count the price of the engagement ring and the maple leaf brooch while you are at it. The funniest part was the price of another part of her wardrobe she has had for a long time, the dreaded wedges. They are now on sale for about 13 pounds!
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  #1000  
Old 10-02-2016, 12:58 PM
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Get used to the cost folks. These people are the future of the monarchy and they're working on behalf of the Queen and people.
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