An investigation by Channel 4’s Dispatches and The Sunday
Times examined the land and properties the two leading royals own through the Duchies of Lancaster and Cornwall.
The investigation reported that last year the Duchy of Lancaster agreed a deal to store a new fleet of electric ambulances, owned by Guy’s and St Thomas’ NHS Trust in London, in one of the estate’s warehouses at a cost of £11.4m over 15 years.
It also said the Duchy of Cornwall had charged the navy more than £1m since 2004 to build and use jetties and moor warships on the Cornish coastline.
The duchy will also earn around £600,000 over the lifetime of six different leases agreed with local state schools, the investigation found.
The Duchy of Lancaster is a portfolio of land, property and assets across England and Wales held in trust for the Sovereign, including key urban developments, historic buildings and highquality farm land.
The Duchy of Cornwall is a similar portfolio valued at more than £1bn which provides an income for the heir to the throne. Both estates are exempt from paying corporation tax or capital gains tax.
Further claims made of the Duchy of Cornwall include that it signed a £37m deal to lease Dartmoor Prison to the Ministry of Justice and a deal with the Ministry of Defence to allow the armed forces to train on Dartmoor land.
This story is from the November 03, 2024 edition of The Independent.
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This story is from the November 03, 2024 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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