As well as the duchy income he receives, last year Prince Charles received £2.2m ($3.55 million) in grants from British taxpayers to pay for his travel by private jet, helicopter and train and the maintenance of his London home,Clarence House

Prince Charles’s £700 Million Estate Accused Of Tax Avoidance

The UK’s revenue and customs authorities (HMRC) have been asked to investigate Prince Charles’s £700 million ($113,176,000) hereditary estate for alleged tax avoidance.

Last year, Prince Charles received £18 million ($29,102,400) from the duchy of Cornwall (DOC), a landowner estate created in 1337 for the benefit of each successive Prince of Wales.

The HMRC’s anti-avoidance team has been asked to examine the duchy of Cornwall’s non-payment of corporation tax following a significant court ruling on its legal status.

That court ruling arose when Mike Bruton — former head of the “Campaign to Protect Rural England in Cornwall” — won a landmark case against the DOC in 2011, after a four year fight to prove that a Cornwall oyster farm owned by the Prince was damaging a designated special conservation area.

The Guardian reports that in December 2011, John Angel — principal judge at the Information Rights Tribunal — ruled that the duchy estate was a separate legal body to the prince, rather than a private one as the estate claimed.

As a result the duchy was obligated to reveal information under the Environmental Information Regulations (EIR). However, the estate successfully applied for a “stay of proceedings” while a test case was heard in the European Court of Justice (ECJ).

Fast forward to December 12, 2012, the Daily Telegraph reported that a judge ruled that the stay of proceedings should remain in place until the ECJ makes its ruling in about a year’s time.

Prince Charles. As well as the duchy income, last year the prince received £2.2m ($3.55 million) in grants from the taxpayer to pay for his travel by private jet, helicopter and train and the maintenance of his London home,Clarence House
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