(Embargoed to 2200 Thursday June 25)Note embargo – check thisThe Prince of Wales received a private income of £xx million from his Duchy of Cornwall estate – a rise/fall of xxxxx, as he revealed his tax bill for the first time.As heir to the throne, William, the 25th Duke of Cornwall, is entitled to the annual profits from the landed estate.Accounts released on Thursday showed the duchy generated profits of £xx.x million in 2025-26, up/down from £22.9million in the previous financial year (2024-25).In what is being billed by the Royal Households as a move to improve transparency around royal finances, the prince revealed he paid £xxx xxxxx in tax in (CHECK THIS 2024-25 in the previous year – with the 2025-26 figure yet to be audited)This is the first time William has shared his tax payment, having not done so in the three years since he inherited the Duchy, despite his father the King doing so when he was heir to the throne.The prince pays (income) tax voluntarily on his Duchy income, after official expenditure has been deducted.CHECK Does the tax bill include over income eg investment and trading profits? Any capital gains tax on assets?? Kensington Palace said the prince paid the (highest rate of income tax – which is 45% on income over £125,140)CHECKThe Duchy income is used to fund the charitable, private and and part of the official lives of William, the Princess of Wales and their children Prince George, Princess Charlotte and Prince Louis.CHECK It was revealed last month that William is set to sell 20% of the Duchy of Cornwall in the next 10 years, with a plan to invest £500 million in tackling housing and nature crisesCHECK The prince will consolidate his holdings around five geographic “heartlands”, focusing on the Isles of Scilly, Cornwall, Dartmoor, the Bath area and Kennington, south London, The Times reported.Will Bax, the duchy’s new secretary and keeper of records, said: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxIn March this year, tenants of the
Note 2200 Embargo: William nets income of xxx as he shares tax bill for first time
