The Duchy of Lancaster in the northwestern half of England, in addition to the Duchy of Cornwall in the southwestern half of the nation (whose proprietor was the present inheritor to the throne, i.e. Charles III till final September) generated big income for the British monarch. In the UK, the estates of those that die with out a will or descendants are often given to the state – however the two duchies are an exception.
III. In current years, Károly has collected tens of thousands and thousands of kilos – billions transformed into forints due to the medieval decree referred to as “bona vacantia”, or “disposable items”, courting again to feudal occasions.
The British royal household has lengthy maintained that the proceeds from the useless, after deducting bills, are donated to charities. However, the left-wing The Guardian – referring to duchy paperwork that got here into its possession – claims that
ONLY A SMALL PERCENTAGE OF INCOME IS ACTUALLY GOING TO CHARITY.
According to the newspaper, the cash will probably be used to finance the renovation of properties owned by the king. Based on the doc, the funds can be utilized for, amongst different issues, townhouses, vacation houses, nation cottages and agricultural buildings. These are properties that the British royal household rented out for revenue, they famous.
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