What National Audit Office report reveals about royals’ property affairs
Summary
A National Audit Office report reveals how members of the British royal family manage their property arrangements. It shows some royals pay low or no rent on royal residences, while others earn private income by renting out parts of their leased estates.Key Facts
- Andrew Mountbatten-Windsor earned private money by subletting cottages on his Royal Lodge estate while paying very low rent to the Crown Estate.
- King Charles pays the rent for Princess Beatrice and Princess Eugenie’s royal palace homes, even though they do not perform official royal duties.
- Princess Beatrice and Princess Eugenie live rent-free in royal palaces but pay rent below normal market rates, adjusted due to security needs.
- The Duke and Duchess of Edinburgh signed a 150-year lease on Bagshot Park at a low rent, paid an upfront fee, and made money by renting out stable properties.
- Prince William and Catherine pay over £300,000 a year rent on a Crown Estate property and cover internal renovations themselves.
- Members of the royal family sometimes live rent-free in royal apartments managed by the royal household.
- Maintenance of occupied royal palaces is mostly funded by public money via the sovereign grant, which supports royal duties and palace upkeep.
- King Charles covers rent payments for some elderly royal relatives living in royal apartments.
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