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Income from the Queen's estate jumps to £16millon

By Aine Fox

Published 25/07/2015

The Queen's income from her private Duchy of Lancaster estate has risen by almost a fifth to £16million
The Queen's income from her private Duchy of Lancaster estate has risen by almost a fifth to £16million
Alan Titchmarsh helps Prince Charles cut a cake during a garden party to mark the 5th Anniversary of the Princes’ Countryside Fund at his Highgrove estate in Gloucestershire
Former England rugby player Phil Vickery chats to Prince Charles at the event, which was held indoors because of adverse weather
Prince Charles talks to Countryfile’s Ellie Goulding

The Queen's income from her private Duchy of Lancaster estate has risen by almost a fifth to £16million.

The amount rose by 18%, increasing by £2.4million on last year, accounts for the year ending March 2015 showed.

The total capital value of the fund, a portfolio of land, property and assets held in trust for the Queen, has risen by almost 7% to £472.1million.

The estate is not subject to corporation tax as it is not a separate legal entity for tax purposes, but the Queen voluntarily pays income tax on revenue she receives from it.

The report stated: "The results for the year show a willingness to buy when the appropriate opportunities arise, and at the same time, to take advantage of the low interest rate environment."

Accounts showed the monarchy cost the taxpayer £35.7million for the second year running - the equivalent of 56p for each person in the country. The cost of travel rose by almost £1m during 2014/15 compared with the previous year, but royal household expenditure was the same.

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