Britain

Prince Charles’s £700m estate accused of tax avoidance

The duchy of Cornwall gave the prince an income of £18m last year, but says it is not subject to paying corporation tax

HM Revenue & Customs has been asked to investigate alleged tax avoidance by Prince Charles's £700m hereditary estate.

The duchy of Cornwall last year provided Charles with an income of £18m and HMRC's anti-avoidance group is now being asked to examine its non-payment of corporation tax following a potentially significant court ruling on its legal status.

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