Duchy of Cornwall and Duchy of Lancaster: Taxation
The question
To ask the Chancellor of the Exchequer, what consideration her Department has given to ending the crown exemption for the Duchy of Lancaster and Duchy of Cornwall.
Answered by James Murray
The income from the Duchies of Lancaster and Cornwall forms part of the King’s and Prince of Wales’s private income. The tax treatment of that income is as set out in the in the Memorandum of Understanding on Royal Taxation, which can be found at: www.gov.uk/government/publications/memorandum-of-understanding-on-royal-taxation-2023
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