Royals make millions from the NHS, records show

The rent charged to the NHS for the 27,000 sq ft unit near Tower Bridge is 67 per cent higher than the Metropolitan Police paid for the same property months earlier.

The king, who counts the Duke of Lancaster among his royal titles, will earn £11.4 million from the deal by the time the contract expires in 2038.

It comes despite the Duchy of Lancaster claiming it is “completely self-financing and not reliant on taxpayer money”.

The royal family has three main sources of income: the Sovereign subsidy paid from the Crown Estate, the Duchy of Lancaster and the Duchy of Cornwall, which has a property portfolio owned by the Prince of Wales spanning thousands of acres.

The Royal Addresses, which cover approximately 180,000 hectares of England and Wales, consist largely of land seized from medieval monarchs.

The two duchies have more than 5,400 leases between them, reportedly generating £50 million annually for King Charles and Prince William. This is partly because the domains enjoy special tax status, meaning they don’t pay capital gains tax or corporate tax on their profits.

Tax regulations

It has raised new questions about the royal family’s tax arrangements.

The Duchy of Cornwall’s 67,500 hectare share of Dartmoor National Park is among the royal properties that charge “feudal duties”, according to the inquiry.

It bills the British army an undisclosed amount per year for the right to train on the land under a 21-year agreement made when the king, who is now head of the armed forces, was the Duke of Cornwall.

Prince William’s Duchy has also filed suit against the Ministry of Defense at least £900,000 over the past twenty years to moor boats in the waters surrounding the Britannia Royal Naval College.

Generations of male royals, going back to George VI, have taught at the college, which is used to train British naval officers.

HMP Dartmoor, a category C prison for 640 prisoners, also earns Prince William millions annually. The heir to the Duchy of the throne signed a £37m deal to lease the prison for 25 years to the Ministry of Justice, which will also have to spend at least £68m over the next decade modernizing the prison’s buildings location.

The royal family also makes money from state schools, underground mines, pubs, car parks and even a supplier of portable toilets located on Duchy land, according to the research.

The Duchy of Lancaster’s coastline assets will also earn the King £28 million over the next fifty years. submarine cable tariffs for wind farms.

Meanwhile, a 1960s tower block in London, owned by Prince William’s Duchy, has generated at least £22 million since 2005 from rents paid by charities and other tenants. It includes two cancer charities, Marie Curie and Macmillan, which count the king as its patron. They both recently moved to a smaller building.