They do, you're right. But I remember not so long ago there was a "scandal" that he was receiving money from people dying without a will in the Manchester area. That wasn't the scandalous part of it, that's just the way it is, and the money is supposed to be used for his charity. Instead it was being used to renovate his private properties that he rents for his own personal income, meaning that while he wasn't profiting directly from the deaths, he was in fact using that money to increase the value of his properties that he can then charge more in rent for, therefore profiting from it.
When it came out in the news, The Palace immediately made a massive charitable donation.
Just saying, while we have people pop up in every thread where people attack The Crown, there is definitely some shady shit that they do and cover up.
Another one that comes to mind was a Arab businessman giving the King a large donation with a suitcase full of cash. https://news.sky.com/story/prince-charles-accepted-carrier-bag-full-of-cash-as-a-charity-donation-from-qatar-ex-pm-claims-sunday-times-12640561
The Royals aren't the transparent and charitable people they make themselves out to be. Sure they work with charities, and even enrich them, but they also profit.
Also I haven't read those links I've posted, just done a quick Google and posted them before someone says "sauce"
Yeah unfortunately is is all sort off intentional.
When George 3 was fighting the US civil war. It was very much the UK Royal Family vs American rebels. The parliment did not care. While now the UK military still answers to the King. We all know the parliment is in charge... right.
But if back in George 3S Time. Royal families throughout Europe were losing power. If he did not offer the profits to parliment. His family would have been forced to sell the land privately. So when the parliment of the time saw the long term advantage. They also protected this unique and odd Monarchy we have.
Look up who owns the crown estates. You will see the answer is clear. But the language less so. Part of it talk about G3 surrendering the land to parliment. But the laws enacted by parliment clearly place it in a trust belonging to the crown managed by the monarch.
Throughout history the crown the nation and the Monarch as a person. Have been referred to as single separate entities in law while all one in public. G3 used the parlement to protect that separation. By expending the crown into law as a unique legal corperation. He used the fact that parliment was sovereign (literally as in it represents the power of the king) to protect his family.
It is why all these folks claiming the crown estates are public land. 15bln estimated assets. Sort of pisses me off. Legally it is not. But G3 knew he was using the idea that the crown was the nation to pull the wool over democratic eyes.
He created a legally protected trust that the government is fiscally obliged to protect. As if the UK crown collapsed. The ownership of its assets would be a complete nightmare to cleanup.
Because that is not technically what is happening.
Believe me I am not a royalist. But do think we need a real democracy before becoming a Republic. Getting rid of the royals will not speed that up. Just give more power to the current sovereign parliment.
What to many brits fail to realise is. The sovereign grant is funded entirely from the crown estates. The income from the crown estates is all paid to parliment. (Old trick G3 used to ensure the UK government was fiscally obliged to protect the family.)
At least 12% of that income must be returned to the family as a grant to support the duties of the crown. Including maintainace of the property.
So technically and legally the crown estates is a approx 15bln unique corperation defines by parliment as belonging to the crown. Owned in trust(sort of) by the current monarch.
It must return 12%+ to the monarch to support crown lands and crown tasks.
So if you think of it as any other property rich corp and ignore the crown part.
They are paying less taxes because there costs are higher over the next few years. It is just because the corps profits are given to the government unlike any other. The government has to return the costs for them to spend.
The Crown estates earned parliment around 450m last year. So the new grant represents about 25-30%
So the corp that is legally required to pay under 88% (ie at least 12% paid to support) is now paying 70-75% tax.
Why don't they use their own money to revamp their palace?
They do. Look up what happens to crown estates income.
They do, you're right. But I remember not so long ago there was a "scandal" that he was receiving money from people dying without a will in the Manchester area. That wasn't the scandalous part of it, that's just the way it is, and the money is supposed to be used for his charity. Instead it was being used to renovate his private properties that he rents for his own personal income, meaning that while he wasn't profiting directly from the deaths, he was in fact using that money to increase the value of his properties that he can then charge more in rent for, therefore profiting from it.
https://todayswillsandprobate.co.uk/the-guardian-kings-estate-allegedly-profits-from-unclaimed-inheritances/#:~:text=The%20Guardian%20has%20uncovered%20a,the%20north%2Dwest%20of%20England.
When it came out in the news, The Palace immediately made a massive charitable donation.
Just saying, while we have people pop up in every thread where people attack The Crown, there is definitely some shady shit that they do and cover up.
Another one that comes to mind was a Arab businessman giving the King a large donation with a suitcase full of cash. https://news.sky.com/story/prince-charles-accepted-carrier-bag-full-of-cash-as-a-charity-donation-from-qatar-ex-pm-claims-sunday-times-12640561
The Royals aren't the transparent and charitable people they make themselves out to be. Sure they work with charities, and even enrich them, but they also profit.
Also I haven't read those links I've posted, just done a quick Google and posted them before someone says "sauce"
Yeah unfortunately is is all sort off intentional.
When George 3 was fighting the US civil war. It was very much the UK Royal Family vs American rebels. The parliment did not care. While now the UK military still answers to the King. We all know the parliment is in charge... right.
But if back in George 3S Time. Royal families throughout Europe were losing power. If he did not offer the profits to parliment. His family would have been forced to sell the land privately. So when the parliment of the time saw the long term advantage. They also protected this unique and odd Monarchy we have.
Look up who owns the crown estates. You will see the answer is clear. But the language less so. Part of it talk about G3 surrendering the land to parliment. But the laws enacted by parliment clearly place it in a trust belonging to the crown managed by the monarch.
Throughout history the crown the nation and the Monarch as a person. Have been referred to as single separate entities in law while all one in public. G3 used the parlement to protect that separation. By expending the crown into law as a unique legal corperation. He used the fact that parliment was sovereign (literally as in it represents the power of the king) to protect his family.
It is why all these folks claiming the crown estates are public land. 15bln estimated assets. Sort of pisses me off. Legally it is not. But G3 knew he was using the idea that the crown was the nation to pull the wool over democratic eyes.
He created a legally protected trust that the government is fiscally obliged to protect. As if the UK crown collapsed. The ownership of its assets would be a complete nightmare to cleanup.
The Crown Estate is public money. The Private Estate is larger and they're extremely secretive about it. And some of it rightfully belongs to us: royals took more than £1bn income from controversial estates
Read my answers above.
So why does he need 40 million extra of our money per year? Christ alive...
Because that is not technically what is happening.
Believe me I am not a royalist. But do think we need a real democracy before becoming a Republic. Getting rid of the royals will not speed that up. Just give more power to the current sovereign parliment.
What to many brits fail to realise is. The sovereign grant is funded entirely from the crown estates. The income from the crown estates is all paid to parliment. (Old trick G3 used to ensure the UK government was fiscally obliged to protect the family.)
At least 12% of that income must be returned to the family as a grant to support the duties of the crown. Including maintainace of the property.
So technically and legally the crown estates is a approx 15bln unique corperation defines by parliment as belonging to the crown. Owned in trust(sort of) by the current monarch.
It must return 12%+ to the monarch to support crown lands and crown tasks.
So if you think of it as any other property rich corp and ignore the crown part.
They are paying less taxes because there costs are higher over the next few years. It is just because the corps profits are given to the government unlike any other. The government has to return the costs for them to spend.
The Crown estates earned parliment around 450m last year. So the new grant represents about 25-30%
So the corp that is legally required to pay under 88% (ie at least 12% paid to support) is now paying 70-75% tax.