Why does Charles need 10 residences?

[PosieLuton]

Is this his version of a slimmed down Monarchy? He has always been known to be a spendthrift with himself and very careful with everyone else. So his residences are:
Buckingham Palace, Clarence House, Sandringham, Windsor Castle that is currently being renovated for him, Highgrove, Balmoral, Birkhall and Castle of Mey, plus his Romanian home and Llwynywermod in Wales.

Not true was 2002.

Instead of turfing her cousin out, the Queen agreed to foot the bill herself at the commercial rate of £60,000 for the first year 2003-04 and thereafter £120,000 per year, while allowing the Kents to stay rent-free.
The Palace said: “The Queen is paying the rent for Prince and Princess Michael of Kent at the commercial rate of £120,000 annually from her own private funds.
“The rent payment by The Queen is in recognition of the royal engagements and work for various charities which Prince and Princess Michael of Kent have undertaken at their own expense, and without any public funding.”

The country benefits from the Crown Estates. The more money the commissioners make from the crown estate, the more money goes into the treasury.

She has covered the difference from her own money. And she has paid wages for people doing royal duties out of her own money not out of the sovereign grant.

Aww, I miss the Queen and Prince Philip too. ❤

The monarchy can't sell the Crown Estates. They don't even oversee it. It's overseen by a board of commissioners. Then a small proprtion goes to the the monarch in the form of the sovereign grant, which covers Royal duties and visits, hosting foreign dignitaries and material upkeep of Royal buildings. The rest goes to the treasury.

His residences are just the tip of the financial iceberg. The Crown estate that Charles has inherited has about £17bn in assets including a lot of prime London real estate, land, even the sea bed...

amp.theguardian.com/uk-news/2022/sep/14/the-sovereigns-wealth-uk-royal-familys-finances-explained

(Yes, I do think that wealth should be broken up and redistributed).

Doesn't even have the decency to pay IHT.

Most of the profits of the Crown estate go to the govt, and it's not as if Charles can start selling it off so it's a bit misleading to suggest he's inherited £17bn. Makes it sound as if he could just crystallize the lot and end up with £17bn under the mattress

As far as his Romanian properties, the rents (and profits from a guesthouse) are ploughed into
https://princes-foundation.org/princes-foundation-in-romania.

This is how it works. For ever and ever and a day, they will always be seriously wealthy people. If the crown estate stops making a profit, they will still get their Sovereign grant of over £86 million a year.

1. The Crown Estates are not the UK royal family's private property, and the royal family are not responsible for any amount of money the Estates bring into the treasury. The monarch is a position in the UK state that the UK owns the Crown Estates through, a position that would be abolished in a republic, leading to the Crown Estates being directly owned by the republican state.
2. The Crown Estates have always been public property and the revenue they raise is public revenue. When George III gave up his control over the Crown Estates in the 18th century, they were not his private property. The current royals are also equally not responsible for producing the profits, either.
3. The Sovereign Grant is not an exchange of money. It is a grant that is loosely tied to the Crown Estate profits and is used for their expenses, like staffing costs and also endless private jet and helicopter flights. If the profits of the Crown Estates went down to zero, the royals would still get the full amount of the Sovereign Grant again, regardless. It can only go up or stay the same.
4. The Duchies of Lancaster and Cornwall that gave Elizabeth and Charles (and now William) their private income of approximately £25 millions/year (each) are also public property.
5. The total cost of the monarchy is currently £350-450million/year, after including the Sovereign Grant, their £150 million/year security, and their Duchy incomes, and misc. costs.

The Crown Estate are however at present owned by the Crown. Not the Monarch as an individual. The Crown as the institution.

They are not public property. They belong to the Crown (and therefore are like the country, as it belongs to the Crown as well) The public does not "own" the Crown - if anything it's the other way round

The Sovereign Grant, and its predecessors, are explicitly an exchange for the surrender of the revenues of the Crown Estate to the part of HM's Treasury that runs the public purse. That arrangement could be ended, if either side wished for that - which indeed it might in the (wholly implausible) scenario that the Crown Estates became loss-making.

The Duchies are not public property either. They belong to the Crown.

She has covered the difference from her own money.

Do you have a link confirming this?

Given the 'market rent' on just the reviled shack Nottingham Cottage is estimated to be some £84K pa it seems very unlikely.

https://www.express.co.uk/news/royal/1399387/queen-news-prince-michael-kent-royal-family-elizabeth-ii-palace-princess-michael-kent-spt?int_source=amp_continue_reading&int_medium=amp&int_campaign=continue_reading_button#amp-readmore-target

Instead of turfing her cousin out, the Queen agreed to foot the bill herself at the commercial rate of £60,000 for the first year 2003-04 and thereafter £120,000 per year, while allowing the Kents to stay rent-free.
The Palace said: “The Queen is paying the rent for Prince and Princess Michael of Kent at the commercial rate of £120,000 annually from her own private funds.
“The rent payment by The Queen is in recognition of the royal engagements and work for various charities which Prince and Princess Michael of Kent have undertaken at their own expense, and without any public funding.”

This was their agreement for 7 years, until 2010, when they took over their own rent.

So it seems that, under the Queen anyway, the deal was -

Full time Royal = rent paid for life
Part time Royal = rent paid while working Royal then encouraged to move to own property or pay own rent
Non-working Royal = Pay your own rent

How does this all work with Sarah Ferguson then? Ex wife of 27 years of a disgraced member of the royal family?

Does she pay anything to live on a royal grand estate? Doubtful!

It would be interesting to know that one for sure.

She's probably classed as Andrews plus one , so she'll be out of luck if he's cut off.

I couldn’t give less of a shit how many houses he owns.

What type of house do you live in? Do you think it’s fair that people live in one bedroom flats with 4 children when you get to live in a nice house? Do you go on holiday? Do you think it’s fair that other people can’t afford to go on holiday?

It’s not a race to the bottom.

You do know that literally every business has people who work for a smaller wage and people that ‘pocket’ the big profits don’t you?

I doubt she pays anything - if she paid she’d be a tenant and have rights and I doubt they’d risk that.

This was their agreement for 7 years, until 2010, when they took over their own rent.

Yes.

I know she did it for one but the claim was she did it for 'most of them'.

If the crown estate stops making a profit, they will still get their Sovereign grant of over £86 million a year.

Except that's not the sovereign grant. The sovereign grant is £52m to cover all their duties and responsibilities.
But as Buckingham Palace has to have reservicing works at the cost of £34m a year for a set period, that sum is added on as the court will oversee the works done.

I know that. But as it is law that the SG will never go down, only up, will it decrease when BP is refurbished?
Hope so

I know that. But as it is law that the SG will never go down, only up, will it decrease when BP is refurbished?
Hope so

If you look at the Palace's financial reports, they clearly define the two amounts as separate, so I can't see any reason to believe that when the full amount allotted to the reservicing works has been paid, it will carry on under a different name.

Both the royal family website and gov.uk clearly say the BP works are being funded by a temporary uplift, so it’ll go back down once they’re done.

Royals website - The reservicing of Buckingham Palace will be funded through a temporary uplift in the Sovereign Grant, as recommended by the Royal Trustees and approved by Parliament.

Gov.uk - These works will be funded through a temporary increase in the Sovereign Grant from 15% to 25% of the Crown Estate’s profits for the duration of the 10 year works, the Royal Trustees said in a report published today. Parliament will hold the Royal Household to account throughout the process to ensure maximum value for taxpayers’ money.

I'm not defending Charles but the Queen has only been dead for just over 6 months. Maybe give him a little more time before judging. These things take time.