The portfolio of royal properties are held in numerous authorized kinds. Some are owned privately, however extra typically the royal household have the correct to make use of them in methods particular to the establishment.
They could be:
Owned by the king in proper of the crown: This implies the king owns the property as sovereign. The property is “inalienable” – that’s, it can’t be offered or given away however is handed down with the crown.
Owned by the crown property: The crown property is a large portfolio of property and land amassed by monarchs over the centuries, which was surrendered to the state in 1760. It’s, in impact, state-controlled – all revenues from its holdings go to the Treasury. The crown property leases a number of properties to members of the royal household, who could have purchased a leasehold or pay hire.
Owned by the Duchy of Cornwall: A number of the king’s residences are owned by the duchy, which is an unlimited hereditary property that passes down with the inheritor to the throne. In recent times, Charles has paid hire as a tenant to the duchy, from which he additionally acquired an revenue. When Charles turned king, Prince William inherited the duchy, and he’s now the owner of those properties.
Owned privately: Some royal estates, equivalent to Sandringham, are owned privately, and a few, like Balmoral, by means of a belief. Up to now, they might have been purchased utilizing cash saved from the taxpayer-funded civil record – the allowance paid to the royal household.
Owned by the UK authorities: One official royal residence, in Northern Eire, is owned immediately by the federal government, a mirrored image of the troubled historical past of the area.
Owned by a royal charitable basis: A few the residences utilized by the king are legally owned by means of charities he has arrange.