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Author Topic: The Duchy of Cornwall  (Read 37178 times)
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Snokitty
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« Reply #60 on: April 04, 2013, 05:52:26 pm »

 laugh  I agree it will probably fail but it will be a thorn in Charles's side and make people start thinking about all that money and all the places it would be better to spend it.
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« Reply #61 on: April 23, 2013, 04:16:19 am »

Give Charles’s Duchy money to Cornwall’s serfs’

A LABOUR peer is demanding Prince Charles hand over the vast wealth of the Duchy of Cornwall to the county’s residents.

Lord Berkeley has tabled a Private Members’ Bill calling for radical change to the estate, which provides Prince Charles with his income.

He wants to see all money generated go to local people and not the heir to the throne.

One of the largest private estates in Britain, the Duchy owns more than 120,000 acres of land, including two per cent of Cornwall and most of the Scilly Isles.

What we need is a dialogue about the Duchy because it is not transparent enough. It acts as if it is above the law.
Lord Berkeley
Created in 1337 by Edward III for his heir, Prince Edward, the Duchy’s assets are placed in trust for the benefit of present and future Dukes of Cornwall, the title also held by the Prince of Wales.

http://www.express.co.uk/news/royal/390043/Give-Charles-s-Duchy-money-to-Cornwall-s-serfs
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« Reply #62 on: April 23, 2013, 05:38:52 am »

^Why not give a little back? The royals are always bugging people for funding for their charities and pestering the rich to sponsor their events to raise funds. Second, Charles has become such a pious little hypocrite he has a lot of nerve grubbing for money via commercial enterprises (selling green/farmland to companies who turn the areas into one big giant parking lot and commercial buildings) and also charging large rents to his tenants. He has more than enough in his checkbook for now. Second, his tours are funded by the foreign office and his security is funded by the taxpayers so he hardly has ongoing expenses that he has to be thrifty to meet.
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« Reply #63 on: April 23, 2013, 12:57:21 pm »

William should be ready for not receiving Duchy monies then because if there is a change it will be around the time of transition.
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« Reply #64 on: April 24, 2013, 03:52:32 am »

^Why not give a little back? The royals are always bugging people for funding for their charities and pestering the rich to sponsor their events to raise funds. Second, Charles has become such a pious little hypocrite he has a lot of nerve grubbing for money via commercial enterprises (selling green/farmland to companies who turn the areas into one big giant parking lot and commercial buildings) and also charging large rents to his tenants. He has more than enough in his checkbook for now. Second, his tours are funded by the foreign office and his security is funded by the taxpayers so he hardly has ongoing expenses that he has to be thrifty to meet.

   thumbsup

   Many people are questioning this, and yes,  I believe public pressure will set in motion some rather different royal financial rights.
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« Reply #65 on: April 24, 2013, 04:08:27 pm »

 ^ I think so too - the Duchy is becoming far too controversial for its own good and seems to have embarked upon a pretty aggressive money making path. It's almost as if they are making hay while the sun shines as they know that when HM goes everything could and probably will change and not to their benefit.

The story below shows how they were trying to create an activity centre on an area of Dartmoor known for its wildlife.

The good news is a pair of breeding Peregrine Falcons managed to see them orf!

http://www.express.co.uk/news/royal/393473/Prince-Charles-s-activity-centre-nest-egg-ruined-by-rare-peregrine-falcon
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« Reply #66 on: May 02, 2013, 02:35:52 pm »

Prince Charles slammed for using £3.3 million feudal cash to fund his own charities

PRINCE Charles has sparked criticism after using his feudal entitlement to £3.3m of the unclaimed legacies of people who die without wills to fund his own charities.



The royal, whose title already lands him an £18m private annual income, also used the money to support his old Scottish private school.

His title as Duke of Cornwall means he becomes the owner of the assets of anyone living in the county who dies "intestate".

Last year this entitlement provided him with more than £450,000 and he is sitting on £3.3m in cash from years of collecting Cornish legacies, according to latest accounts seen by the Guardian.

In 2012 the benevolent fund he set up to use the money made its biggest grant of £20,000 to Charles’s charity Business in the Community, whose supporters include some of the biggest companies in Britain.

Another of its largest grants was of £5,000 to Gordonstoun, the Scottish public school, which Charles attended in 1962 and reportedly hated, and where a place now costs £30,000 a year.

The money was also provided to support bursaries for Cornish children who otherwise would not be able to afford the fees.

A total of £1,000 went to his London-based Prince’s Foundation for Building Communities, which backs the prince’s controversial ideas about architecture and planning.

The donations provided by deceased people in Cornwall have drawn particular criticism in Cornwall, where there were calls for the inheritances to be channelled into the public purse as they are in the rest of England.

http://www.express.co.uk/news/royal/396491/Prince-Charles-slammed-for-using-3-3-million-feudal-cash-to-fund-his-own-charities
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« Reply #67 on: May 02, 2013, 05:09:37 pm »

The Guardian has this story too-

Quote
Charles has also been criticised for only distributing £100,000 – less than a quarter of the assets received from the deceased last year.

"Many people will be shocked to learn that Charles receives money from the dead, but we were always told that it went to charity," said Graham Smith, director of Republic, the campaign for an elected head of state. "Now we see that only a tiny proportion actually goes to good causes. Charles is sitting on those funds when they could be supporting the vital work of charities, many of whom are really struggling at the moment. The trust has only negligible costs and doesn't deliver any services so there's no reason why that money can't be used by voluntary and community organisations right now."

The Charity Commission's guidance on reserves states it will stage "regulatory intervention" if a charity's reserves are excessive. "While the funds remain in the trustees' hands, the charity's current users or beneficiaries – actual or potential – are not being as well served as they could be," it warns.

http://www.guardian.co.uk/uk/2013/may/01/prince-charles-intestate-cash-cornwall

The Duchy of Lancaster used to have this right too but I am not sure what happened to it as there was a story I read that HM had relinquished it.
« Last Edit: May 02, 2013, 05:13:17 pm by True Brit » Logged

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« Reply #68 on: May 03, 2013, 02:37:44 am »

http://www.dailymail.co.uk/news/article-2318064/Prince-Charles-criticised-using-3million-feudal-cash-fund-charities.html
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CathyJane
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« Reply #69 on: May 03, 2013, 03:21:43 am »

Must be nice. not
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Snokitty
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« Reply #70 on: June 15, 2013, 12:27:39 am »

http://www.independent.co.uk/news/uk/home-news/revealed-prince-charless-secret-property-deals--including-a-38-million-industrial-carbuncle-8659596.html
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Prince Charles, renowned for his aversion to “monstrous carbuncle” buildings, has spent £38m on an industrial depot in Milton Keynes as part of a £102m series of confidential property deals, The Independent can reveal. The purchase of the vast supermarket warehouse through his estate – one of the single largest  acquisitions by the Duchy of Cornwall in its 670-year history – was  completed 18 months ago but the Prince’s officials had sought to keep it private.

A recent judicial ruling declared the Duchy to be a “public body” potentially liable to freedom of information rules.

But Clarence House has repeatedly refused to disclose any details of the expensive acquisition due to what the Prince’s officials said was the Duchy’s “private” status.

The Prince bought the sprawling grey warehouse complex in Milton Keynes from an Anglo-Indian property fund, The Independent has established. His tenants are Waitrose, who are using the depot as a lorry distribution hub. The deal offers a glimpse into the hard-nosed business ethos of the Duchy, established in the 14th century to provide an income for the Prince of Wales and his heirs, as well as the multiple layers of confidentiality and opaque procedure that govern the Prince’s commercial dealings.

I guess Charles is going to continue being a hypocrite the rest of his life. He has not changed at all.
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« Reply #71 on: June 15, 2013, 08:36:44 am »

Quote
The depot, built in 1993 to withstand 20 million lorry journeys over its lifetime, sits awkwardly with the heir to the throne’s well-publicised love of traditional architecture along with his emphasis on rural life and environmental sustainability.

The purchase of the 396,000 sq ft warehouse is not the first link between Charles and the John Lewis Partnership supermarket. A previous deal between the Duchy and Waitrose in 2009 saw it take over the once-troubled Duchy Originals organic food brand, which now generates more than £1m a year for the prince’s charities.

When The Independent yesterday approached Clarence House with evidence of the warehouse purchase, it insisted there was no connection with the Duchy Originals tie-up, adding it was a “coincidence” that Waitrose was the tenant of the industrial complex.

Good work by The Independent.  The MPs will eventually grind PC down.

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« Reply #72 on: June 24, 2013, 10:01:21 pm »

Peter Hunt ‏@BBCPeterHunt 4h
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Prince Charles' senior aide, William Nye, will give evidence to the Commons Public Accounts Committee about the Duchy of Cornwall on July 15
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« Reply #73 on: June 25, 2013, 08:28:17 pm »

Peter Hunt ‏@BBCPeterHunt 24 Jun
Also giving evidence on July 15 will be the Duchy of Cornwall's Finance Director Keith Willis and Paula Diggle from the Treasury.

Peter Hunt ‏@BBCPeterHunt 10h
When Prince Charles' senior official appears before MPs next month, initial questions will focus on tax status of Duchy of Cornwall.
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« Reply #74 on: June 28, 2013, 10:26:52 pm »

http://www.telegraph.co.uk/news/uknews/prince-charles/10148901/Prince-Charless-duchy-taxes-questioned-by-MPs.html
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His representatives have been called before the Commons public accounts committee to answer questions about the Duchy of Cornwall’s tax arrangements.

The vast majority of the Prince’s £20 million annual income is generated by the duchy, which owns agricultural, commercial and residential property, predominantly in the South West. But the estate does not pay corporation tax on profits from its rents and commercial activity.

Instead the Prince has chosen to pay income tax on the income generated by the Duchy at the highest rate of 50 per cent, after his official expenses and costs have been taken into account.

Last year his tax bill came to £4.4 million, down slightly on the previous year.

Margaret Hodge, the chairman of the MPs’ committee, said today: “Several members of the public have raised with us their concerns that the Duchy of Cornwall may be engaged in tax avoidance on the basis that it does not pay corporation tax. This is a serious and legitimate question, particularly in the current climate, and one that we are keen to put to representatives of the Duchy.”
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« Reply #75 on: June 29, 2013, 03:37:33 am »

He's only paying a sixth of what he makes!
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« Reply #76 on: July 01, 2013, 04:56:19 am »

Prince Charles accused of rent rip-off: Peer demands action over tenants council rate


A LABOUR peer is calling for an urgent investigation into Duchy of Cornwall rents, accusing Prince Charles of ripping off his tenants.

Lord Berkeley is demanding an independent review of the Duchy's housing policy after it emerged the estate, which provides the Prince with a multi-million pound income, is sometimes charging almost double what council tenants pay.

Charles prides himself on the principle that the Duchy offers accommodation for "local people at local prices".

However, the latest figures from the Council of the Isles of Scilly, where the Duchy has 700 tenancies, show that his tenants are charged an average of £130 a week, compared to £70 for council tenants and £100 for those in housing association accommodation.

The statistics come from Richard McCarthy, chairman of the Community Housing Association and secretary of the Duchy Tenants Association

http://www.express.co.uk/news/royal/411387/Prince-Charles-accused-of-rent-rip-off-Peer-demands-action-over-tenants-council-rate

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« Reply #77 on: July 01, 2013, 05:02:16 am »

He's only paying a sixth of what he makes!

  alas it's even worse than that .. smoke and mirrors .. and lawyers,  accountants ... and various brownnosers in the govt
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« Reply #78 on: July 01, 2013, 10:34:15 am »

I posted this on another thread but it's worth adding here.

Quote
Quote
Quote from: meememe on June 30, 2013, 04:08:21 am
Charles was paying tax long before 1992 - he was paying 50% before marrying Diana and dropped it to 25% to cover her expenses when he married her.

Now this is technically correct he claimed he was paying 50% but as there was some serious under-declaring of the Duchy's profits going on they were getting away with as little as possible and when PC was allowed to reduce his tax bill to 25% on his marriage to Diana they were laughing all the way to the bank. 1993 was the year when John Major said it couldn't carry on. Charles was claiming Crown Immunity and yet was not in possession of the Crown.

This is from Professor Hall's 1996 book on the royal finances and he had a devil of a job unearthing most of the information due to documents suddenly not being available or moved; no-one willing to confirm even the smallest fact in short he was stonewalled but still managed to extract a lot of information. He is still around and I have often wondered if he has plans to update this book - Royal Fortune. You can get old copies on Amazon and it's a very interesting read for anyone who's interested.

(Italicised comments are mine as the extract starts with the Duke of Windsor in 1921)

"Advantage (in 1921 when the Duke of Windsor was PoW) was taken of a nineteenth-century Act of Parliament whereby publication (of the accounts) was not required, only that the accounts be presented to Parliament. In practice, this meant one copy to the House of Commons and one to the House of Lords Record Office. This was complied with, but the Duchy accounts were not to be published again until 1982. To make discovery of what happened even more unlikely, a straightforward piece of deception was employed in the accounts. The £20,000 voluntary contribution (paid by the Duke) was included in the heading 'taxes and parish rates' in the accounts to make it seem that the Duchy was still being taxed. A curious piece of accounting practice for a body that claimed and got tax exemption.

Further deceptions have followed. As Andrew Duncan noted in his book The Reality of Monarchy, 'until the beginning of 1969, Buckingham Palace authorities were underestimating the revenue from the Duchy and claiming publicly that it was subject to tax'. He also mentioned how a Central Office of Information booklet, The Monarchy in Britain, which was 'intended to be used for reference purposes', clearly suggested that Prince Charles paid income tax on all his income. Duncan discovered that this was simply not true and that the Prince on becoming 21 made a voluntary contribution of 50 per cent to the Treasury (25 per cent since 1981) in lieu of taxation, which at that time would have been over 80 per cent."
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« Reply #79 on: July 01, 2013, 10:57:37 am »

People in the US have been jailed over less.
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