Residences and finance Charles, Prince of Wales

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clarence house, official residence of prince of wales


clarence house in london prince of wales s current official residence. previously, had apartment @ st james s palace. charles has 2 private homes: highgrove house in gloucestershire , birkhall near balmoral castle. both clarence house , birkhall residences of queen elizabeth queen mother. primary source of income generated duchy of cornwall, owns 133,658 acres of land (around 54,090 hectares), including farming, residential, , commercial properties, investment portfolio. highgrove owned duchy of cornwall, having been purchased use in 1980, , prince charles rents £336,000 per annum. public accounts committee published 25th report duchy of cornwall accounts in november 2013 noting duchy performed in 2012–13, increasing total income , producing overall surplus of £19.1 million.


in 2007 prince purchased 192-acre property (150 acres of grazing , parkland, , 40 acres of woodland) in carmarthenshire, , applied permission convert farm welsh home him , duchess of cornwall, rented out holiday flats when couple not in residence. neighbouring family said proposals flouted local planning regulations, , application put on hold temporarily while report drafted on how alterations affect local bat population. charles , camilla first stayed @ new property, called llwynywermod, in june 2008.


in 2016 reported estates receive £100,000 year in european union agricultural subsidies.


starting in 1993, prince of wales has paid tax voluntarily under memorandum of understanding on royal taxation, updated 2013. in december 2012, majesty s revenue , customs asked investigate alleged tax avoidance duchy of cornwall.


the duchy of cornwall named in paradise papers, set of confidential electronic documents relating offshore investment leaked german newspaper süddeutsche zeitung. papers show duchy invested in bermuda-based carbon credits trading company run 1 of charles s cambridge contemporaries. investment kept secret there no suggestion charles or estate avoided uk tax.








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