How about people like Princess Anne, Prince Andrew, Prince Edward and thier kids? How much do they get? Did Queen Elizabeth pay inheritance tax on what she got when her mother died?
2006-12-20 02:11:25 · 3 answers · asked by JoAnn W 3 in Society & Culture ➔ Royalty
Only The Queen and The Duke of Edinburgh receive funding from the Civil List. The Queen reimburses the annual parliamentary allowances received by other members of the Royal Family.
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surrender of the hereditary revenues (mainly the net surplus of the Crown Estate) by the Sovereign. £190.8 million (2005-2006)
In 2005, Civil List expenditure amounted to £11.2m.
Hmmm, the Sovereign surrenders £190.8 m and in return receives £11.2m for official expenses as Sovereign.
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THE CIVIL LIST
The Civil List is the sum provided by Parliament to meet the official expenses of The Queen's Household so that Her Majesty can fulfil her role as Head of State and Head of the Commonwealth.
It is not in any sense 'pay' for The Queen, but funding for her official work.
The Civil List dates back to the Restoration of the Monarchy in 1660, but the current system was created on the accession of George III in 1760.
In that year it was decided that the whole cost of civil government should be provided by Parliament in return for the surrender of the hereditary revenues (mainly the net surplus of the Crown Estate) by the Sovereign.
In the financial year 2005-06 the revenue surplus from the Crown Estate paid to the Treasury amounted to £190.8 million.
As a result of Royal Household efficiency savings and lower than expected inflation during the period up to December 2000, a reserve of £35.3 million was carried forward. The annual amount of the Civil List for the next 10 years for the period up to December 2010 remained fixed at £7.9 million.
In 2005, Civil List expenditure amounted to £11.2m. Since the transfer of additional expenditure to the Civil List with effect from 1 April 2001, Civil List expenditure exceeds the annual £7.9 million payment, and amounts are therefore now withdrawn from the reserve each year, rather than being paid into it.
The budget for each year's projected net Civil List spending is reviewed by the Treasury, which audits the accounts and verifies that the Household's financial management is in line with best practice.
About 70 per cent of Civil List expenditure goes to pay the salaries of staff working directly for The Queen.
2006-12-20 03:24:12 · answer #1 · answered by Anonymous · 0⤊ 1⤋
MORE Taxes that's what we need. Vote for Hillary. Economic Stimulus that's what we need, more food stamp money, more money to the member of society who are made dependant on government handouts. Remember comrads everyone is equal and while some use there stimulus package hundred dollar handout to buy a quick high, I have used what the government didn't take from my hard working father's estate to invest in my business and hire two more employees.
2016-03-13 08:53:00 · answer #2 · answered by Karin 4 · 0⤊ 0⤋
They have good accountants to help them avoid taxes
2006-12-20 17:48:21 · answer #3 · answered by brainstorm 7 · 0⤊ 0⤋
what do you think britain is- a democracy!?
2006-12-20 02:13:47 · answer #4 · answered by IshotJR 2 · 0⤊ 0⤋