Quote:
Originally Posted by Wisteria
Surely you donīt mean that he doesnīt use this money from the Duch, as it is not his private fortune.
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He can use the income but not the capital.
The capital has increased to 58 million pounds and he can't touch that 58 million pounds i.e. he can't sell any of it.
The income that money generates is about 16 - 18 million pounds and that is his to use to support his family and live on (alone with pay quite a bit of it in tax).
The same thing happens with the Duchy of Lancaster estate. The Queen uses the income generated from the estate as her personal income but she can't liquidate the assets.
This ensures that the monarch and heir have an income separate from the parliament and separate from each other (the monarch doesn't have to support the heir).
Neither of them can sell the assest of these estates. They have to be passed on in full to their successor, ensuring that they also have an income. If they are able to increase the worth of the estate during their stewardship that is all to the good. Charles has certainly been able to do that indicating that he is a good businessman.