Duchy of Lancaster
Coverage of Duchy of Lancaster in the Nexus archive.
- King becomes first British monarch to publish tax bill as royal funding rises
King Charles III became the first British monarch to publish his personal tax bill, revealing he paid $17 million for the 2024-25 tax year. The Sovereign Grant, the monarchy’s main taxpayer-funded source, is set to nearly double to $132 million in three years, and Charles will remain at Clarence House instead of moving into Buckingham Palace post-renovation.
- Andrew sublet three cottages while paying ‘peppercorn rent’ to crown estate
Andrew Mountbatten-Windsor sublet three cottages on his Windsor Royal Lodge estate while paying a 'peppercorn rent' to the crown estate, according to a report by the National Audit Office. The report also found King Charles pays an 'adjusted' rent for his daughters, Princess Beatrice and Princess Eugenie, to reside in royal palaces.
- Royal Household seeks £3M finance system fit for a King
The Royal Household plans to spend £3 million on a new finance system to replace one that is over 15 years old. The household received £86.3 million in taxpayers' money in 2024-25 and generated a further £21.5 million from activities. The new finance system will cover the household and affiliated organizations.