2006-07-12 12:16:52 · 29 answers · asked by Anonymous in Society & Culture ➔ Royalty
Monies to support the Queen in the exercise of her duties as head of state (the Head of State Expenditure) of the United Kingdom come from the Civil List; a return of a small portion of the revenue from the Crown Lands that are surrendered by the Monarch to Parliament at the beginning of each reign, all Crown Land being administered by The Crown Estates, an institution answerable to parliament. In the 2003-04 fiscal year the amount surrendered was £176.9 million, where the Head of State Expenditure was £36 million. The Head of State Expenditure does not include the cost of security.
Only the Queen and Duke of Edinburgh receive funding from the Civil List. The Duke receives £359,000 per year.
Only some members of the Royal Family carry out public duties; these individuals receive an annual payment known as a Parliamentary Annuity, the funds being supplied to cover office costs.
The Duke of York: £249,000 per annum
The Earl of Wessex: £141,000 per annum
The Princess Royal: £228,000 per annum
The Duke and Duchess of Gloucester: £175,000 per annum
The Duke and Duchess of Kent: £236,000 per annum
Princess Alexandra £225,000 per annum
These amounts are repaid by The Queen from her private funds.
Though always voluntarily subject to the Value Added Tax and other indirect taxes, the Queen agreed to pay taxes on income and capital gains from 1992, although the details of this arrangement are both voluntary and secret. At the same time it was announced that only the Queen and Prince Philip would receive civil list payments. Since 1993 the Queen's personal income has been taxed as any other Briton. The Queen's private estate (eg shareholdings, personal jewellery, Sandringham House and Balmoral Castle) will be subject to Inheritance Tax, however bequests from Sovereign to Sovereign are exempt. [1]
2006-07-12 15:04:22 · answer #1 · answered by joseclaudio2001us 2 · 0⤊ 0⤋
The Queen has to ask Parliament for money by presenting a budget every year. Look at Prince Charles who makes his money from rents and taxes from all renters and businesses in Wales. Queen Elizabeth II is also a big land owner as well,especially in the Aquetaine in France.
2006-07-14 01:35:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The royal family owns many things and they make their money off of that.
2006-07-12 12:26:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Taxes, and hey just to let you know the English are the ones that taxed our Tea coming in to America when England still had some what of power here! Remember the 'Boston Tea Party'?!
We can thank them for inventing the tax system for us!
2006-07-12 20:29:18 · answer #4 · answered by Anonymous · 0⤊ 1⤋
They have investments and the Queen gets an allowance from the Civil List to carry out duties.The Prince of Wales runs a working farm and other businesses in the Duchy of Cornwall.
2006-07-12 15:21:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Two ways. There is a stipend from the govenment, and they own a lot of income-producing assets (mostly land). The Queen is the second-wealthiest woman in Britain (J. K. Rowling is first).
2006-07-12 12:32:48 · answer #6 · answered by Anonymous · 0⤊ 1⤋
In a way you might say they live on welfare, because they are living on support from the "state"
As most people know, living on welfare isnt that easy, even for the royalties, so if one needs a bit more than they sell some of their land or some jewels
2006-07-12 12:25:05 · answer #7 · answered by ganja_claus 6 · 0⤊ 1⤋
Taxes.
2006-07-12 12:19:56 · answer #8 · answered by xoveexo 4 · 0⤊ 1⤋
stealing and taxes.. all the royal families are doing it and plus every countries' government..
2006-07-12 12:36:39 · answer #9 · answered by Nazanin 2 · 0⤊ 1⤋
The sons of that family sell themselves to al lthe american woman for millions of dollars
2006-07-12 16:05:00 · answer #10 · answered by Rocio F 1 · 0⤊ 1⤋