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Crown Lands and Estates

HM Treasury written question – answered on 13th July 2015.

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Photo of Lord Stoddart of Swindon Lord Stoddart of Swindon Independent Labour

To ask Her Majesty’s Government whether the Crown Estate is the property of the reigning monarch; whether a majority of the income from the Estate is used in the interest of taxpayers; and what is the amount by which taxpayers benefited in the tax year 2014–15.

Photo of Lord O'Neill of Gatley Lord O'Neill of Gatley The Commercial Secretary to the Treasury

The Crown Estate belongs to the reigning monarch 'in right of The Crown', that is, it is owned by the monarch for the duration of their reign, by virtue of their accession to the throne. But it is not the private property of the monarch - it cannot be sold by the monarch, nor do revenues from it belong to the monarch. The revenue surplus from the Estate is paid to the Consolidated fund. For 2014-15, this was £285.1million.

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