With the accession to the throne of Charles IIIhis eldest son Wilhelm it has not only become Prince of Wales on paternal investiture, but he also automatically inherited the title of one Duke of Cornwall, which belonged to his father until a month ago. Along with the title Wilhelm came into possession of the entire duchyan area of 52,449 hectares, the property value of which is estimated at around £345 million 400 million euros.
According to reports in the British press The Duchy of Cornwall’s net income is £21 million per year, which are transferred en masse from Carlo’s coffers to those of his eldest son. This number includes Castles, estates, farms and rentswhich Carlo – according to the Guardian – always has paid the maximum UK income tax rate. Taxes William now has to pay, albeit (at least in part) with Dad’s money, thanks to a bureaucratic gossip.
In fact, among properties that change hands, there are those too Highgrove Castle, GloucestershirePurchased by the Duchy of Cornwall in 1980 and chosen as the family home (and place of heart) of Charles who retired here in mourning after the death of his motherto Queen Elizabeth.
As Duke of Cornwall the king was hitherto the owner and resided there on a twenty-year lease agreed with the Duchy itself. But today, if he doesn’t want to pack up and move, he has to pay the new duke – the son – rent of £700,000 a year.
What will not waterInstead, it will be the lease of Duchy Originals Farm, la organic farm founded by Carlo himself in the 80’s (when nobody was growing organic crops) whose products are now sold in major UK supermarkets. Last April, Carlo did not renew the lease for the property – which are now in the hands of new tenants – and announced that it would continue its organic production in Norfolkat Sandringham.
But the Duchy of Cornwall isn’t the only legacy William will have to manage from now on. It seems that in the Reorganization of all propertiesthe king wants to give in to his eldest son and daughter-in-law Kate Middleton also a 17th century mansion: Frogmore housefound in the Windsor estate.
That writes the sun King Charles thinks the castle is ‘too loud’due to its proximity to Heathrow Airport, and believes that for a stay in a central location you might as well stop directly in London Buckingham Palace. For what reason would the sovereign have to “Get rid ofSlightly from the noisy mansion passing it on to his son William who on the other hand is so happy in Windsor.
In fact, Frogmore House is only a stone’s throw awayAdelaide Cottagewhere Kate and William did are transferred no more than a month ago and left the largest and most central Kensington Palace. The princes have not yet decided what to do with it, according to British tabloids generous gift from the kingbut although the castle is still nearby Lambbrook School in which they have registered their children, it is difficult to imagine that they would want to undertake this another move.
“Nothing is set in stone, the prince has time to make up his mind,” an insider commented to the Chron, underscoring the fact Frogmore House is not really a castle to be left to the ghosts. It was built in 1684 by architect Hugh May and was a favorite of the Queen Charlotte, wife of George III. Passed down from father to son over the years, it is now mainly used for events. For example, they celebrated their wedding here in 2018, Harry and Megan. In fact, it would have been a nice gesture on Carlo’s part to give it to them.
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