Prince Charles's income rises, govt grants goes up
Prince Charles, heir to the British throne, has seen his income from government's grants and his private estate rise by four per cent in the past financial year, but he paid almost 10 per cent less tax, his annual report indicated.world Updated: Jun 24, 2009 21:40 IST
Prince Charles, heir to the British throne, has seen his income from government's grants and his private estate rise by four per cent in the past financial year, but he paid almost 10 per cent less tax, his annual report indicated.
His funding from the taxpayers jumped by almost a quarter from 2.4 million pounds to 3 million pounds.
This was mainly because he claimed more in government travel grant to cover his two foreign tours to Latin America and the Far East worth 1 million pounds.
Charles, who last year cut his tax bill by 5,000 pounds despite earning an extra 1 million pounds, has seen his tax bill drop by 336,000 pounds this year to just over 3 million pounds.
Income from the Duchy of Cornwall, the hereditary estate of the Prince of Wales, rose by one per cent to 16.4 million pounds, making his total income and funding 19.5 million pounds. His tax bill went down because he wrote off more of his official expenses.
Charles's principal private secretary Sir Michael Peat said: "it's been a busy year for us. They seem to get busier and busier. The Prince is entering his seventh decade and many people would be slowing down but I'm afraid he seems to be going faster and faster."
Sixty-year-old Charles undertook 658 engagements in the financial year, an 11 per cent rise from the previous year.
First Published: Jun 24, 2009 21:39 IST