Prince William's Tax Bill: A Royal Fortune

0:00It's May 3rd, from Hollywood to your headphones. This is Entertainment and Celebrity News. Today, powered by AI. Prince William drops up to 7 million pounds in income tax each year, landing him in the top 0.002 percent of UK taxpayers. His cash flow mainly comes from the Duchy of Cornwall, a massive estate worth about 1.1 billion pounds that pulls in over 20 million pounds annually. This set updates back to the 14th century when it was created to keep the air to the throne financially independent. Today it spans 2,000 to 3,000 properties across 23 counties in England and Wales, covering around 130,000 to 140,000 acres, from farms to shops and coastal rights. In his first full year, running it after his dad became king, the Duchy hit a record surplus of 23.6 million pounds, with about 13.5 million pounds taxable. Leading to that 5 to 7 million pound tax bill at the top 45 percent rate.

1:04He pays voluntarily, no legal requirement, since a deal his grandma made with the Treasury back in 2013. scrutiny revealed the Duchy and similar estate's charge fees to the Army, Navy, NHS, Schools and more for land access, but William halted rents from, lifeboat stations, fire services, and school fields last year. It still collects from dark more prison, empty for nearly two years over radon issues, costing taxpayers 1.5 million pounds a year to, maintain critics like former minister Norman Baker, pushed to fold these Duchies into the crown estate for public gain, calling them royal slush funds. Kensington Palace confirms William Pays top rates on all personal income, keeping things transparent amid the debate.