The bulk of that income is generated from a portfolio of land, property and other assets, called the Duchyof Lancaster, worth about £648 million ($811 million), according to the duchy’s ...
Here is what you need to know about the Duchy of Cornwall and the Duchyof Lancaster. The Duchy of Cornwall is a significant landholding in the UK, established in 1337 by King Edward III.
At the same time, King Charles III inherited the £830m Duchyof Lancaster from his mother. The two estates are exempt from a string of taxes, including capital gains tax, corporation tax and ...