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" Portfolio is worth £1,000,000,000 passed down tax free and generating £21M a year rent What has Rayner got to say, all these armchair landlords making millions a renting out mouldy homes " And they don’t pay tax or CGT | |||
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"Was any tax paid when it was passed on? As in what they want to to do to the farmers ..." It wasn't passed on. The Duchy belongs to the Prince of Wales. That used to be Charles, and now it's William. It never belonged to Charles, and it doesn't belong to William now, it belongs to the Prince of Wales. | |||
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"And they don’t pay tax or CGT " They do pay tax, and they do pay CGT on disposal of assets. | |||
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"A number of rental properties owned by Prince William fail to meet the minimum legal energy efficiency standards for landlords, it has been revealed. An investigation by The Mirror and Channel 4 Dispatches has found that as many as one in seven of William's inherited Duchy of Cornwall's residential rental properties have the lowest Energy Performance Certificate ratings of F or G. This has meant some of his tenants are at risk of fuel poverty, and are living in hard to heat homes that are riddled with damp and black mould. It comes as the taxpayer is funding a £369m renovation of Buckingham Palace." Blame the previous landlord 😉 | |||
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