Frequently Asked Questions
Does The Prince of Wales pay tax?
Yes. The Prince of Wales pays income tax at the 50 per cent rate on his income from the Duchy of Cornwall, after his business-related costs are deducted. His taxes are checked by the Inland Revenue, like anyone else, which reviews all his business deductions. In 2010 - 2011, The Prince of Wales pays the full amount in tax, which was almost £5million during this period.