Prince William has sparked public curiosity as he declined to disclose the details of his tax payments.
As per GB News, the Prince of Wales has avoided disclosing the amount of tax he paid on earnings from the enormous estate held by the Duchy of Cornwall.
Notably, the prince receives a private income from the Duchy, which oversees and owns over 600 homes and 135,000 acres of land throughout England.
However, William hasn't revealed the exact amount of tax he paid on the substantial earnings he made during the previous fiscal year, which are believed to be worth £23.6 million.
William is thought to be liable for income tax on the "distributable surplus," or his personal income.
But the Duchy of Cornwall has admitted that the heir apparent is subject to capital gains tax; the Duchy is not; its gains have to be reinvested in the business.
Whereas, William’s father King Charles, who oversaw the Duchy his tax contributions were publicly available.
The estate's financial records under Charles gave a detailed breakdown of the taxes he paid each year in addition to details about home expenses.
