Some say it's worth the money 💸
The Royal Family's private company which owns land, farms, homes and a pub in Lancashire raked in £24m profit last year while paying no corporation tax or capital gains tax.
READ MORE: Blackpool South MP Scott Benton has Tory Party whip suspended after 'offering to lobby' for gambling firm This money is in addition to the annual payment the royal family receives from the government to cover its official costs which has risen to £86m a year. The Guardian reports that, adjusted for inflation, King Charles III and his late mother have earned more than £1bn from the estates.
"There are six principal agricultural holdings on the 578-hectare estate, including three which form part of the renowned agricultural training centre at Myerscough College. Five residential properties and 21 commercial and miscellaneous lettings are also part of the estate.
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