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  #861  
Old 09-29-2014, 05:12 AM
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Originally Posted by royalistbert View Post

If the Monarchy was an department it would be the least expensive. We are talking about and insititution that budget is in the millions not billions. Health, Defence and Education budgets for example would be in the billions. The most expensive goverment institution is laughable quite frankly. Even republicans would have to admit it.
The billions for Education, for Health, for Defence are for the profit of millions of British taxpayers (who paid these billions anyway). The millions for the Monarchy are for the profit of a small and selected group assignated by principle of hereditary succession.

I think Republicans would have a field day with your argument about the billions vs the millions....

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  #862  
Old 09-29-2014, 05:15 AM
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Originally Posted by Duc_et_Pair View Post
Isn't that a normal tax? My house is also taxed every year for the estimated value on the market. Is that new in the UK?
No. In the UK, we all pay Council Tax, which is based on the value of the property. In addition, Labour wants to impose a further tax on properties worth more than £2m. This is quite ridiculous as:

1) On acquisition, properties of value in excess of £2m pay stamp duty of 7% of the value of the property to have it registered

2) Pay an annual council tax which is also linked to the value of the property.

This populist, left leaning vote grabber will hit homes in London, where often a largish family apartment or family home can often cost c£2m.
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  #863  
Old 09-29-2014, 05:45 AM
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In my country there are two property taxes as well: the Taxe Foncière on the rental value of the property (Valeur Locative Cadestral) and the Taxe d'Habitation which is paid by, the name already says it, the inhabitants of a property (no matter rented or owned). Als in my country of origin (the Netherlands) these two taxes exist, so it does not really sound outrageous in my ears, to be honest.

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  #864  
Old 09-29-2014, 05:51 AM
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Originally Posted by Duc_et_Pair View Post
In my country there are two property taxes as well: the Taxe Foncière on the rental value of the property (Valeur Locative Cadestral) and the Taxe d'Habitation which is paid by, the name already says it, the inhabitants of a property (no matter rented or owned). Als in my country of origin (the Netherlands) these two taxes exist, so it does not really sound outrageous in my ears, to be honest.

We are not talking about taxes on rental properties. This tax will hit a lot of hard working families in the London area who will get hit because their family home is now valued over the £2m limit, even though they bought it for a lot less, have not sold it, and derive no income from it. They already pay council tax on it. All this will do is depress prices of £2-3m homes in the London area.
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  #865  
Old 09-29-2014, 06:13 AM
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I think the Crown whose residences [In London & Edinburgh at least] are official, and part of the job should be exempt.
The Private residences will obviously, be taxed, should this punitive, 'class war', legislation be enacted..
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  #866  
Old 09-30-2014, 08:03 PM
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This is brilliant - Frequent Q&A's re Sovereign Grant and payments to the BRF.

[ARCHIVED CONTENT] Sovereign Grant Act: frequently asked questions relating to the Act and on general issues - HM Treasury


I've not seen this before so apologies if this is a repeat
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  #867  
Old 10-05-2014, 09:16 AM
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I wasn't sure where to post this, so I'm posting it here as I feel that it is the closest thread to the topic of the article - please feel free to move if this is in the incorrect thread.

Quote:
The Queen and the royal family will have to pay a mansion tax on their portfolio of country estates if Labour is elected, Ed Balls has said.
The shadow chancellor said that royals will not be exempt and will have to pay the taxes "just like everyone else" for properties which are not open to the public.
The Queen has paid income tax and capital gains tax for decades, but she and the Royal family are likely to be hit significantly harder by a mansion tax.
Ed Balls: Queen and Duchess of Cambridge will pay Labour's mansion tax - Telegraph
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  #868  
Old 10-18-2014, 01:38 PM
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I was wondering if the Duchy of Lancaster and Duchy of Cornwall are solely for the purposes of financing the work of The Queen and Charles (and their respective families) meaning everything has to be accounted for, or can the remainder be kept by the recipient to spend on whatever they want? In other words, can the Duchies fund their private lives or just their Royal working lives?
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  #869  
Old 10-18-2014, 01:53 PM
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The Duchy of Lancaster not only provides the Queen with her private income but also funds the official duties of the Duke of York, the Earl of Wessex, the Princess Royal and several other members of the Royal family.

The Sovereign Grant is provided to the Queen to cover her official duties including maintenance and upkeep of the occupied royal palaces, official travel and to pay her staff.

The Queen voluntarily pays income tax on revenue she received from the Duchy, which is exempt from corporation tax.

The Duchy of Cornwall provides an income to Charles for both official and private duties and he in turn uses this money to support Camilla, William, Kate and Harry as well as Prince George.

Charles voluntarily pays income tax on revenue from the Duchy of Cornwall.
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  #870  
Old 10-18-2014, 05:07 PM
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Remember that The Queen doesn't get a 'salary' as such so she needs a private income for basic things like food and clothes.

The Sovereign Grant covers the official costs of the Head of State. Other countries pay their Heads of State a salary to do the job but the British don't. In the Middle Ages the Duchies were established to separate the private income of the monarch from the then income of the Crown Estates which was to be used to run the country.

George III arranged the situation whereby the government received the income from the Crown Estates and paid him some of that for his official duties - formerly known as the Civil List. This figure was set at the beginning of each reign and until QEII was not increased during the reign. When most young royals reached 21 or married, in the case of the girls, they were then voted an amount as part of the Civil List e.g. Prince Albert was voted 10,000 pounds (and Queen Victoria was angry as earlier consorts had been given 50,000 pounds). The Queen decided - with a lot of pressure from the public and the government of the day - to repay the Civil List payments of everyone except herself, Philip and The Queen Mother - in 1992 and also decided that she should pay tax on the Duchy of Lancaster.

Charles was paying tax voluntarily on the Cornwall estate from when he took control - it was reportedly at 50% before he married Diana when he reduced it to 25% to cover her costs and then again in 1992 was encouraged to pay the correct amount for the income.

Over the years the government also paid for the maintenance of the occupied royal palaces but the body they set up actually decided what would be done each year and it wasn't necessarily what was the most important. It also didn't keep pace with the costs of maintenance and the maintenance bill is now about 30 million pounds behind.

In 2012 the parliament changed the system again - whereby the Sovereign Grant came into being with one amount paid to cover what used to be covered by the Civil List and the maintenance of the royal palaces with the monarch able to decide exactly what needs to be done - hence the decision to spend 4 million on upgrading Apartment 1A at KP over doing some other maintenance would have been made by the Queen.

The Sovereign Grant covers expenses such as the upcoming State Visit, the salaries of The Queen and Philip's secretaries who assist them in their official duties along with other such staff but not their personal staff.

The Sovereign Grant has to be accounted for directly - to the last penny - and is presented annually for scrutiny but The Queen doesn't open the books from the Duchy of Lancaster although Charles does for the Duchy of Cornwall (up to a point - we don't get the nitty-gritty of the private budget but we do get the figures for the public expenses of his family).
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  #871  
Old 12-08-2014, 07:20 PM
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Outrage as Scots 'rob' the Queen of £2.1 million with vow to hold rights to Crown Estates including Tobermory Waterfront, off-shore windfarms | Daily Mail Online
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  #872  
Old 01-15-2015, 11:15 AM
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Europe's wealthiest royals revealed but the richest family isn't one you'd expect! | Daily Mail Online
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  #873  
Old 01-15-2015, 12:22 PM
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The Dutch are only "most expensive" because they are the "most transparent". All possible costs, from the official website to the royal flight, from the King's treasury office to the guards outside, from the maintenance of the palaces to the royal forestry, all possible costs are enlisted. Before that these costs were fragmented over many departments in the State Budget, which is still the case in many monarchies. An intelligent person calculating what the upkeep is of Europe's largest palace (Madrid), the various other residences like El Pardo, Zarzuela and Marivent, the royal flight, the transportation, the security, etc. will conclude that the ultra-low "costs" of the Spanish monarchy are only because a lot is not included at all. The same counts for the British monarchy: the revenues from the Duchies of Lancaster and Cornwall should be added to the costs of the monarchy. After all these incomes go to the Queen and the Prince of Wales, and not to the British taxpayers.
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  #874  
Old 02-07-2015, 06:20 AM
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Just how is the Royal Family funded?
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  #875  
Old 02-12-2015, 08:55 PM
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It seems unfair that in this day and age, that individuals should be given access to more money in a year than the average person will earn in a lifetime. I realise the royals have to be funded adequately, but when Prince Charles is able to spend £1m a year on gardening a year this is unnecessary luxury. It would be fairer to merge the two royal duchies with the Crown Estates.
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  #876  
Old 02-12-2015, 09:00 PM
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Originally Posted by royal-blue View Post
It seems unfair that in this day and age, that individuals should be given access to more money in a year than the average person will earn in a lifetime. I realise the royals have to be funded adequately, but when Prince Charles is able to spend £1m a year on gardening a year this is unnecessary luxury. It would be fairer to merge the two royal duchies with the Crown Estates.
I dont know where this figure comes from but this amount would mainly be staff, including overheads such as NI and pension. The gardens are open to the public and are extensive. It might also include those market garden areas that produce stuff to sell in the local shop.

So I suppose he could cut back as you suggest and then he would get criticised for making people redundant.

EDIT: Also meant to add that it supports apprenticeships
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  #877  
Old 02-12-2015, 10:05 PM
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Originally Posted by royal-blue View Post
It seems unfair that in this day and age, that individuals should be given access to more money in a year than the average person will earn in a lifetime. I realise the royals have to be funded adequately, but when Prince Charles is able to spend £1m a year on gardening a year this is unnecessary luxury. It would be fairer to merge the two royal duchies with the Crown Estates.
Along with cepe's post, I'd like to add that the gardens oi Highgrove not only are open to the public for tours as stated, but I believe the gardens also provide the resources that go into the items sold by the Duchy called Duchy Originals. Charles has pretty much made Highgrove to be a working example of sustainability. Although his income is provided by the Duchy of Cornwall, he voluntarily pays taxes on what he receives as does the Queen with the Duchy of Lancaster. Charles is also a very astute businessman and probably has made investments that have served him well over the years.
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  #878  
Old 02-13-2015, 02:49 AM
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Highgrove has its own product line in its shop (I recently bought some things on-line) including toiletries and honey/jams etc, some of the ingredients of which come from the Highgrove estate and surrounding areas. Profits from the sales from Highgrove (along with the Duchy) all go to The Prince's Charities.
Personally, the more money spent on staff, such as gardeners, the better - it is employment for people, staff wages are taxed, staff spend money on consumables that are taxed and it all ends up in government spending again.
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  #879  
Old 02-13-2015, 04:44 AM
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Originally Posted by Duc_et_Pair View Post
The same counts for the British monarchy: the revenues from the Duchies of Lancaster and Cornwall should be added to the costs of the monarchy. After all these incomes go to the Queen and the Prince of Wales, and not to the British taxpayers.
The income from the Duchies of Lancaster and Cornwall are the private income of the monarch and heir. They are not funding from the state. Why should they be added to the cost of the monarchy?
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  #880  
Old 02-13-2015, 08:52 PM
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The income from the Duchies of Lancaster and Cornwall are the private income of the monarch and heir. They are not funding from the state. Why should they be added to the cost of the monarchy?
Of course they are not funded from the state. But it would be more straightforward and some would say fairer to fund the monarchy in its entirety (including all the personal expenses of all family members) from the Crown Estates. The revenue from the duchies could be used to fund other worthwhile causes.
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