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Prince William's Duchy profits soar to £23.6m tax-free

Source: thetimes.com

Prince William's Duchy of Cornwall estate made £23.6 million profit last year from property and land investments.
The duchy's income surged 45% due to higher property values and rental deals, funding the prince's official duties.
Campaigners call for tax reform on royal estates, arguing they avoid corporation tax unfairly.

Prince William's Duchy of Cornwall generated record profits last year, boosting his personal income to fund royal duties and charitable work. The estate, inherited from King Charles, owns vast lands and properties across south-west England. The article reveals how these earnings work tax-free and sparks debate over whether the public should get more transparency on royal finances. It matters because taxpayers indirectly support the royals while the duchy's wealth grows rapidly.