A brand new bombshell investigation has revealed lots of the Royal Household’s residential property preparations
Princess Beatrice and Princess Eugenie don’t pay lease to stay in royal houses (Picture: Getty)
5 issues to learn about Princess Beatrice and Princess Eugenie’s ‘rent-free’ royal residing
A public spending watchdog revealed that Princess Beatrice and Eugenie don’t pay lease on their respective palace properties. King Charles completely foots the invoice from his personal Duchy of Lancaster revenue through the Privy Purse, regardless of the sisters holding main residences elsewhere and never serving as working royals.
Princess Eugenie makes use of the three-bedroom Ivy Cottage at Kensington Palace, and Princess Beatrice holds a four-bedroom residence at St James’s Palace. The investigation discovered that their adjusted rents have been based mostly on outdated market valuations from 2018 and 2020 fairly than on constant current-year calculations, sparking public backlash.
The Nationwide Audit Workplace (NAO) report additionally revealed that Prince and Princess Michael of Kent live rent-free at Kensington Palace. King Charles secretly covers their payments as properly, contradicting a 2008 Buckingham Palace announcement stating the non-working couple would foot the complete business price themselves beginning in 2010.
In the meantime, Andrew Mountbatten-Windsor pocketed a secret revenue by subletting three cottages on his former Royal Lodge property in Windsor Nice Park. Whereas he paid solely a minimal peppercorn lease for the 30-room mansion, he stored the personal rental income fairly than returning them to the Crown Property.
Following his eviction from the property by King Charles, the previous prince might owe cash for in depth restoration works. A possible compensation package deal of as much as £488,000 for surrendering his lease early will probably be offset by extreme dilapidation prices recognized in the course of the mansion’s remaining inspection.
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