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Prince Charles' income climbs to £20.5m

By Helen William

Published 28/06/2016

Charles, Prince of Wales
Charles, Prince of Wales

The Prince of Wales's income from his private estate of lands, buildings and financial investments has increased to £20.5m, according to accounts.

Charles saw a 3.1% rise in the year to March in his funds from the Duchy of Cornwall, which owns assets such as London's Oval cricket ground and has the Isles of Scilly in its portfolio.

The heir to the throne pulled in £20.46m from the Duchy, up more than £600,000, and also received £1.4m in funding from the Sovereign Grant and government departments. His tax bill was up more than £500,000 to just over £5m, while other expenses, including the cost of official work by the Duke and Duchess of Cambridge and Prince Harry, rose to £3.2m, up almost 10%.

Official expenditure for Charles and the Duchess of Cornwall came to £10.5m, a fall of more than £1m.

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