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Finances of the British royal family

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22: 494:, when he was Prince of Wales, voluntarily paid a sum equivalent to income tax on that part of his income from the Duchy of Cornwall that was in excess of what was needed to meet official expenditure. From 1969 he made voluntary tax payments of 50% of the profits, but this reduced to 25% in 1981 when he married Lady Diana Spencer. These arrangements were replaced by the memorandum in 1993. The income of the Prince of Wales from sources other than the Duchy of Cornwall is subject to tax in the normal way. 488:
the disposal of private assets made after 5 April 1993. Many of the Sovereign's assets were acquired earlier than this date but payment is only made on the gains made afterwards. Arrangements also exist for a sum in lieu of inheritance tax to be voluntarily paid on some of the Queen's private assets. Property passing from monarch to monarch is exempted, as is property passing from the consort of a former monarch to the current monarch.
476:. Furthermore, the Sovereign has no legal liability to pay such taxes. The Duchy of Cornwall claims a Crown exemption meaning the Prince of Wales is not legally liable to pay income or corporation tax on Duchy revenues, although this has been disputed. The prince voluntarily pays income tax, although questions have been raised about expense claims that would limit his tax liability. 153:. This arrangement persisted from 1760 until 2012. In modern times, the Government's profits from the Crown Estate always significantly exceeded the civil list. Under the civil list arrangements, the royal family faced criticism for the lack of transparency surrounding Royal finances. The National Audit Office was not entitled to audit the Royal Household. 106:
previously. Step 4 of subsection 6(1), and subsection 6(4), of the Act provide a mechanism to prevent the amount of the Sovereign Grant increasing beyond what is necessary because of the growth in Crown Estate revenue. Under the Sovereign Grant the National Audit Office is able to audit the Royal Household.
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The Queen voluntarily paid a sum equivalent to income tax on her private income and income from the Privy Purse (which includes the Duchy of Lancaster) that was not used for official purposes. The Sovereign Grant is exempted. A sum equivalent to capital gains tax is voluntarily paid on any gains from
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as well as allowances to the queen's younger children among others. The Civil List Act 1972 added further members of the royal family to the annuity list. By 2002 there were eight recipients of parliamentary annuities, all receiving a combined total of £1.5 million annually. Between 1993 and 2012 the
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Queen Elizabeth II received an annual £7.9 million a year from the civil list between 2001 and 2012. The total income of the Royal Household from the Treasury was always significantly larger than the civil list because it included additional income such as grants-in-aid from the Treasury and revenues
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The Queen's lawyers also lobbied Scottish ministers to change a draft law, the Heat Networks (Scotland) Bill, to exempt her private land from an initiative to cut carbon emissions. As a result, the Queen was the only person in Scotland not required to facilitate the construction of pipelines to heat
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In November 1973, the Queen's private lawyer successfully lobbied the UK government to change proposed legislation in order to conceal her private wealth from the public. The government subsequently inserted a clause into the law granting itself the power to exempt companies used by “heads of state”
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Royal expenditure differs from income due to the use of a Reserve Fund, which can be added to or drawn from. The official reported annual expenditure of the Head of State was £41.5 million for the 2008–09 financial year. This figure did not include the cost of security provided by the police and the
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The Queen was exempted from the 2017 Cultural Property (Armed Conflicts) Act, a law that seeks to prevent the destruction of cultural heritage, such as archaeological sites, works of art and important books, in future wars. This means police are barred from searching the Queen's private estates for
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A "Memorandum of Understanding on Royal Taxation" was published on 5 February 1993 and amended in 1996, 2009 and 2013. It was intended that the arrangements in the memorandum be followed by the next monarch. The memorandum describes the arrangements by which Elizabeth II and the then Prince Charles
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The Sovereign Grant Annual Report states that the Sovereign Grant was £31 million for 2012–13, £36.1 million for 2013–14 and £37.9 million for 2014–15. The amount of the Sovereign Grant is equal to 15% of the income account net surplus of the Crown Estate for the financial year that began two years
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is one of the largest property portfolios in the United Kingdom, producing £211 million for the Treasury in the financial year 2007–08 and with holdings of £7.3 billion in 2011. The Crown Estate is not the personal property of the Monarch. It cannot be sold by the sovereign in a personal capacity,
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On 18 November 2016, a plan was announced to increase the Sovereign Grant from 15% to 25% to renovate and repair Buckingham Palace. The percentage is set to revert to 15% when the project is finished in 2027. As a result, the Sovereign Grant amounted to £76.1m for 2017–18, which for the first time
271:. The cost of restoration was estimated to be £50 million, but the Reserve Fund was at a historic low of £1m. The monarch is also responsible for using the Sovereign Grant to pay the wages of 431 of the approximately 1,200 Royal Household staff, amounting to £18.2 million in 2014–15. In 2013, the 198:
representing the legal embodiment of the state. It is held in trust and governed by Act of Parliament, to which it makes an annual report. Revenue from the Crown Estate has been predicted to double in real terms between 2010 and 2020 with additional lease revenues deriving from the development of
299:(including the crown, orb and sceptre). It is physically dispersed between thirteen Royal residences and former residences across Britain. Although the collection belongs to the sovereign, it is not the personal property of Charles III as a private individual. Instead the collection is held 432:
Queen voluntarily refunded the cost of these annuities to the Treasury. The Sovereign Grant Act 2011 abolished all of these other than that received by the then Duke of Edinburgh. Subsequently, the living costs of the members of the royal family who carry out official duties, including the
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identified 67 instances in which Scottish bills have been reviewed by the Queen. They include legislation dealing with planning laws, property taxation, protections from tenants and a 2018 bill that prevents forestry inspectors from entering crown land without the Queen's permission.
61:, which is intended to meet the costs of the sovereign's official expenditures. This includes the costs of the upkeep of the various royal residences, staffing, travel and state visits, public engagements, and official entertainment. Other sources of income include revenues from the 396:
Rich List's top 300 most wealthy since the list began in 1989. She was number one on the list when it began in 1989, with a reported wealth of £5.2 billion, which included state assets that were not hers personally, (approximately £16.3 billion in today's value). In 2023,
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is expected to use the Sovereign Grant to maintain the residences. In May 2009 the Queen requested an extra £4 million annually from the government to carry out a backlog of repairs to Buckingham Palace. In 2010, the Royal Household requested an additional grant from the
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The amount was set by the Civil List (Increase of Financial Provision) Order 1990. It was initially set at £40,000 in the Civil List Act 1952, raised to £65,000 by the Civil List Act 1972, and raised to £165,000 by the Civil List (Increase of Financial Provision) Order
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included the "dedicated amount £30.4m" to renovate Buckingham Palace. As of March 2019, the Sovereign Grant Reserve amounts to £44.4 million, with £36.8 million of it set aside "to meet future commitments for the Reservicing of Buckingham Palace". In July 2023, the
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but were refused on the basis that the scheme was "aimed at schools, hospitals, councils and housing associations for heating programmes which benefit low-income families". Over a third of the Royal estate was in disrepair by 2012–13 according to a report by the
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from the Duchies of Cornwall and Lancaster. The total Royal Household income for the financial years 2011–12 and 2012–13 was £30 million per annum, followed by a 14% cut in the following year. However, the Treasury provided an additional £1 million to pay for
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had a private income from her personal investment portfolio, though her personal wealth and income were not known. In 2002, she inherited her mother's estate, thought to have been worth £70 million (the equivalent of about £144 million today).
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worth at least £100 million, racehorses worth £27 million, artworks worth £24 million, and cars worth £6.3 million. Most of this wealth was inherited by Charles from his mother, Elizabeth II, and was exempt from inheritance tax.
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On other occasions the monarch's advisers requested exclusions from proposed laws relating to road safety and land policy that might affect her estates, and pressed for government policy on historic sites to be altered.
173:, says that the full annual cost of the British monarchy is at least £345,000,000 a year, when including lost revenue from the two duchies, security, costs met by local councils and police forces, and lost tax revenue. 1546: 365:, estimated her wealth at £2 million in 1971 (the equivalent of about £36 million today). An official statement from Buckingham Palace in 1993 called estimates of £100 million "grossly overstated". 2151: 286:
is the art collection of the British royal family. It is one of the largest and most important art collections in the world, containing over 7,000 paintings, 40,000 watercolours and drawings, about 150,000
1967: 144:
in return for payments called the civil list. Under this arrangement, the Crown Estate remained the property of the sovereign, but the hereditary revenues of the crown were placed at the disposal of the
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Royal palaces and parks are traditionally the property of the monarch, but those no longer occupied by the monarchy or used by the government are generally operated by public charities,
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receives revenue for charitable work and official activities. These financial arrangements also cover the official expenditure of some members of his immediate family. In 1971 a
218:) and the monarch's eldest son (if he is next in line to the throne). The revenue profits of the Duchy of Lancaster are presented to the Sovereign each year and form part of the 1810: 1328:
The Palace of Westminster is therefore Crown land because it is land in which there is a Crown interest, in this case an interest belonging to Her Majesty in right of the Crown.
998: 698: 427:. In the past some other members of the British royal family also received funding in the form of parliamentary annuities. The Civil List Act 1952 provided for an allowance to 885: 407:
worth £653 million (and paying Charles an annual income of £20 million), jewels worth £533 million, real estate worth £330 million, shares and investments worth £142 million,
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The Sovereign Grant is paid annually to the monarch by the Treasury to fund the monarch's official duties, replacing the system of funding the Royal Household by a mixture of
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leases on the foreshore, the grant will be 12% of the Crown Estate's net profits in the following year, down from 25%, although still an increase in real pounds over time.
1538: 2147: 626: 585: 291:, historical photographs, tapestries, furniture, ceramics, books, gold and silver plate, arms and armour, jewellery and other works of art. The collection includes the 1568: 852: 1515: 1959: 1356: 1331: 1056: 1417: 2284: 2003: 1476: 2124: 1257: 1590: 586:"Sovereign Grant Bill – Further background information provided to Members of Parliament in advance of the Bill's Second Reading Debate on 14 July 2011" 1448: 2224: 2344: 1833: 646: 1622: 1378: 392:
estimated her wealth at £340 million, making her the 302nd richest person in the United Kingdom; that was the first year she was not among the
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is a parliamentary process, with the role of sovereign purely formal. Consent is always granted by the monarch where requested by government."
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is Head of the Privy Purse and Treasurer's Office and has overall responsibility for the management of the sovereign's financial affairs.
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magazine estimated the Queen's net worth at around $ 500 million (about £325 million) in 2011, while an analysis by the
2431: 263: 149:. The civil list was paid from public funds and was intended to support the exercise of the monarch's duties as head of state of 2441: 428: 403:
estimated Charles's personal wealth at £1.8 billion (EUR 2 billion, USD 2.2 billion). This estimate includes the assets of the
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nor do any revenues, or debts, from the estate accrue to him. Instead, the Crown Estate is owned by the monarch in right of
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for its summer staff. In 2015 it was reported that at least four senior officials had been made redundant to reduce costs.
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by the King for his successors and the nation. The Treasury says these assets are "vested in the sovereign and cannot be
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offshore wind farms within Britain's Renewable Energy Zone, the rights of which were granted to the Crown Estate by the
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comprises collections including diaries, letters, household papers and administrative records of the British monarchy.
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of Lancaster and Cornwall, income from assets of other trusts, income from private investments, and a parliamentary
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are entities holding land and other assets to produce an income for, respectively, the British Sovereign (now King
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do not apply to it. The Crown and the duchies of Lancaster and Cornwall are not subject to legislation concerning
307:". Income is generated by the collection from public admissions and other sources. This income is received by the 2120: 1999: 361:, a former private secretary to Queen Elizabeth II (when she was Princess Elizabeth) and a director of her bank, 158: 592: 181:
A number of possessions are held in trust by the Sovereign. These possessions are exempt from inheritance tax.
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Until 1760, the monarch met all official expenses from hereditary revenues, which included the profits of the
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to nationalise the two duchies and the Crown lands was defeated, although more than 100 MPs supported it.
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from new transparency measures. This hid the Queen's private shareholdings and investments until 2011.
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estimated the Queen's wealth as being £310 million ($ 504 million), and that year the Queen received a
2025: 1894:"The Queen drops off the top end of the Sunday Times Rich List for the first time since its inception" 1863: 73: 150: 85: 98:. The level of funding for the Royal Household is now linked to the Government's revenue from the 484:
in lieu of tax to compensate for their tax exemption. The details of the payments are private.
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announced that due to a substantial increase in income to the Crown Estate primarily from new
380: 254: 2148:"Prince Charles accused of 'dodging around' for tax for DECADES by author of tell-all book" 1296: 46: 26: 1116: 8: 34: 754: 2089: 1741: 551:"The Sovereign's gracious message to the House of Commons re: The Sovereign Grant Bill" 528: 449: 404: 338: 276: 207: 50: 2208: 916: 789: 469: 343: 242: 211: 30: 1785: 1441:"Royal Family faces major financial review as costs soar by a third in three years" 491: 288: 283: 223: 195: 2412:
Queen Elizabeth II just died. Here’s what will happen to her $ 500 million fortune
222:, providing income for both the official and private expenses of the monarch. The 1747: 1335: 819: 671: 653: 347: 296: 246: 231: 200: 58: 21: 1752: 1748:"The Annual RPI and Average Earnings for Britain, 1209 to Present (New Series)" 1182: 1155: 433: 315: 250: 304: 2425: 2285:"Revealed: police barred from searching Queen's estates for looted artefacts" 1923: 1326:. Vol. 682. United Kingdom: House of Lords. 17 May 2006. col. 339. 1258:"Who owns and profits from the duchies of Lancaster and Cornwall? – timeline" 920: 793: 358: 1710: 1086: 946: 375:
put it at $ 425 million (about £275 million) in 2015. In 2012 the
2345:"Revealed: Queen vetted 67 laws before Scottish parliament could pass them" 1508:"Buckingham Palace uses zero-hours contracts for summer staff | Money" 1505: 519: 437: 399: 186: 133: 99: 95: 1203: 2374: 1680: 1025: 846:"The Sovereign Grant and Sovereign Grant Reserve - Year to 31 March 2019" 724: 666: 424: 326: 219: 215: 111: 1539:"Buckingham Palace 'axes at least four' of the Queen's senior officials" 465: 127: 91: 2225:"Revealed: Queen lobbied for change in law to hide her private wealth" 2315:"Queen secretly lobbied Scottish ministers for climate law exemption" 1057:"Royal 'cuts' could make Charles the richest king in British history" 300: 191: 141: 115: 42: 1322: 423:, received a parliamentary annuity of £359,000 per year from the 66: 2255:"Queen lobbied for changes to three more laws, documents reveal" 1318:"Planning (Application to the Houses of Parliament) Order 2006" 878:"Sovereign Grant changed after Crown Estate sees profits surge" 448:, have mainly been met through the sovereign's income from the 362: 1960:"Revealed: King Charles's private fortune estimated at £1.8bn" 782:"Buckingham Palace to undergo 'essential' £370m refurbishment" 701:. The Official Website of the British Monarchy. Archived from 62: 1003:, Official web site of the British Monarchy, archived from 311:, the collection's management charity, and not by the King. 2175:"The Queen's Finances: Ordinary tax allowances for royals" 1255: 907:
Pegg, David; Evans, Rob; Carrell, Severin (20 July 2023).
2375:"Queen did not block legislation, Buckingham Palace says" 909:"King Charles to receive huge pay rise from UK taxpayers" 2121:"Prince Charles's £700m estate accused of tax avoidance" 460:
The Crown has a legal tax-exempt status because certain
176: 1349:"Queen must open palace more in return for extra funds" 275:
newspaper reported that Buckingham Palace was using
2090:"Further provision for members of the Royal Family" 1803:"Just How Rich Are Queen Elizabeth And Her Family?" 1681:"Royal overspend prompts call to open palace doors" 1477:"Queen's finances are safe from cuts for two years" 978:"First look at royal finances fails to satisfy MPs" 591:. Her Majesty's Treasury. July 2011. Archived from 57:and some of his family financially by means of the 1231:Royal Finances: Privy Purse and Duchy of Lancaster 333: 2060:"Royal aides want to see abolition of Civil List" 1506:Simon Neville, Matthew Taylor and Phillip Inman. 556:. Buckingham Palace. 29 June 2011. Archived from 165:Army and some other expenses. The campaign group 2423: 1410:"Royal Estate Overspend Leaves £50m Repair Bill" 1026:"Spending Review: Royal family to face 14% cuts" 906: 755:"Determination of the amount of Sovereign Grant" 497: 1834:"Queen Elizabeth II Isn't as Rich as You Think" 1736: 1734: 1732: 1649:"Memorandum of Understanding on Royal Taxation" 1379:"Queen asked for heating grant from Government" 353: 140:agreed to surrender the hereditary revenues of 253:are held in trust by the sovereign, as is the 2053: 2051: 1891: 1256:Felicity Lawrence; Rob Evans (5 April 2023). 1234:, Official web site of the British Monarchy, 625:, Official web site of the British Monarchy, 1729: 1340: 1154:, Crown Estate, 6 July 2011, archived from 2205:Royal Fortune, Tax, Money and the Monarchy 2048: 1791:quoted in Hoey, p. 225 and Pimlott, p. 561 747: 580: 578: 415: 230:introduced to Parliament by the Labour MP 2407:Sovereign Grant Report 2020-2021, Summary 2172: 1744:inflation figures are based on data from 1673: 1470: 1468: 1466: 1000:Royal Finances: Head of State Expenditure 545: 543: 2000:"What Is The True Cost Of The Monarchy?" 20: 2057: 1887: 1885: 1831: 1643: 1641: 1639: 1407: 1144: 1142: 1054: 993: 991: 975: 699:"Sovereign Grant Annual Report 2012–13" 575: 264:Department for Culture, Media and Sport 2424: 2355:from the original on 27 September 2021 2325:from the original on 22 September 2021 2265:from the original on 22 September 2023 2173:Goldsmith, Vivien (12 February 1993). 2154:from the original on 12 September 2022 2006:from the original on 29 September 2023 1711:"Queen inherits Queen Mother's estate" 1474: 1463: 1451:from the original on 12 September 2022 1438: 1389:from the original on 12 September 2022 1346: 1285: 1283: 1036:from the original on 12 September 2022 826:from the original on 14 September 2023 779: 647:The Privy Purse and Treasurer's Office 540: 350:are privately owned by the Sovereign. 2385:from the original on 30 November 2023 2127:from the original on 12 November 2013 1953: 1951: 1949: 1844:from the original on 21 November 2023 1745: 1717:from the original on 10 November 2022 1625:from the original on 14 November 2022 1575:. London. 31 May 2002. Archived from 1536: 1420:from the original on 28 November 2022 1238:from the original on 25 February 2021 957:from the original on 20 November 2023 780:Davies, Caroline (18 November 2016). 177:Assets held in trust by the Sovereign 2235:from the original on 2 November 2023 2118: 2100:from the original on 18 October 2023 1934:from the original on 6 November 2020 1924:"Rich List: Changing face of wealth" 1904:from the original on 16 January 2023 1882: 1813:from the original on 9 December 2023 1636: 1549:from the original on 31 October 2023 1487:from the original on 3 November 2023 1139: 1127:from the original on 27 October 2023 988: 858:from the original on 3 December 2023 800:from the original on 6 December 2023 735:from the original on 16 January 2021 679:from the original on 16 January 2021 629:from the original on 16 January 2021 615: 613: 527:A spokesperson for the Queen said: " 159:Diamond Jubilee celebrations in 2012 2145: 2002:. Royal Central. 17 February 2013. 1408:Younger, Rachel (28 January 2014). 1280: 1222: 1196: 1067:from the original on 23 August 2017 1055:Verkaik, Robert (21 October 2010). 947:"Royals 'cost the taxpayer £37.4m'" 171:republicanism in the United Kingdom 49:come from a number of sources. The 13: 2036:from the original on 1 August 2023 1970:from the original on 20 April 2023 1946: 1691:from the original on 5 August 2023 1661:from the original on 24 March 2023 1268:from the original on 2 August 2023 1097:from the original on 26 April 2023 1087:"Cost of Royal Family rises £1.5m" 927:from the original on 2 August 2023 851:. The Royal Family. 25 June 2019. 822:. The Royal Family. 27 June 2018. 725:"Royal funding changes become law" 667:"Royal funding changes become law" 515:buildings using renewable energy. 79: 14: 2458: 2400: 2295:from the original on 14 June 2023 2185:from the original on 4 March 2016 2026:"Civil List Act 1952: Chapter 37" 1870:from the original on 10 June 2023 1832:Metcalf, Tom (8 September 2015). 1800: 1597:from the original on 23 June 2011 1569:"Royal Special: Sovereign wealth" 1295:, Royal Household, archived from 1210:from the original on 4 March 2016 888:from the original on 24 July 2023 761:from the original on 28 July 2023 610: 136:(the royal property portfolio). 16:UK monarchy's income and spending 1957: 1518:from the original on 17 May 2023 976:Verkaik, Robert (28 June 2002). 421:Prince Philip, Duke of Edinburgh 2367: 2337: 2307: 2277: 2247: 2217: 2197: 2166: 2139: 2112: 2082: 2058:Verkaik, Robert (30 May 2002). 2018: 1992: 1982: 1916: 1892:Helen Nianias (26 April 2015). 1856: 1825: 1794: 1779: 1776:, 9 July 1971; Pimlott, p. 401. 1767: 1703: 1609: 1583: 1561: 1530: 1499: 1475:Rayner, Gordon (21 June 2015). 1439:Palmer, Richard (30 May 2015). 1432: 1401: 1371: 1323:Parliamentary Debates (Hansard) 1310: 1249: 1169: 1109: 1079: 1048: 1018: 969: 939: 900: 870: 838: 812: 334:Private estate of the Sovereign 2432:Monarchy of the United Kingdom 1347:Pierce, Andrew (30 May 2009). 1292:The Royal Residences: Overview 1181:, Crown Estate, archived from 773: 717: 691: 659: 640: 622:Royal Finances: The Civil List 1: 2442:Finance in the United Kingdom 1618:What is the Royal Collection? 1537:Sabur, Rozina (23 May 2015). 1385:. London. 24 September 2010. 1117:"The true cost of the royals" 534: 498:Lobbying and legal exemptions 121: 511:stolen or looted artefacts. 373:Bloomberg Billionaires Index 354:Estimates of personal wealth 7: 1204:"Duchy of Lancaster - FAQs" 820:"Financial Reports 2017-18" 480:made voluntary payments to 455: 389:Sunday Times Rich List 2015 10: 2463: 2418:magazine, 8 September 2022 1866:. Guinness World Records. 757:. www.legislation.gov.uk. 125: 83: 2207:, page xxii, Bloomsbury, 652:12 September 2022 at the 269:Public Accounts Committee 239:official royal residences 74:Keeper of the Privy Purse 2066:. London. Archived from 1621:, The Royal Collection, 86:Sovereign Grant Act 2011 1746:Clark, Gregory (2017). 1654:. HM Government. 2013. 1593:. The Royal Household. 656:, accessed 13 June 2010 416:Parliamentary annuities 2094:www.legislation.gov.uk 1591:"The Royal Collection" 1206:. Duchy of Lancaster. 482:HM Revenue and Customs 323:Historic Royal Palaces 309:Royal Collection Trust 38: 383:as Wealthiest Queen. 381:Guinness World Record 255:Palace of Westminster 228:private members' bill 24: 2437:British royal family 1355:. UK. Archived from 446:Duchess of Edinburgh 47:British royal family 27:British royal family 2381:. 8 February 2021. 2261:. 8 February 2021. 2231:. 7 February 2021. 2203:Philip Hall, 1992, 2070:on 24 February 2014 1687:. 28 January 2014. 1383:The Daily Telegraph 1353:The Daily Telegraph 1334:11 May 2021 at the 1185:on 3 September 2011 1158:on 1 September 2011 1032:. 20 October 2010. 731:. 18 October 2011. 675:. 18 October 2011. 277:zero-hour contracts 35:Trooping the Colour 2447:Monarchy and money 2030:legislation.gov.uk 1864:"Wealthiest Queen" 1742:Retail Price Index 705:on 2 February 2014 598:on 29 January 2013 563:on 29 January 2013 462:Acts of Parliament 450:Duchy of Lancaster 409:a stamp collection 405:Duchy of Lancaster 339:Queen Elizabeth II 51:British government 39: 29:on the balcony of 2291:. 25 March 2021. 1930:. 18 April 2013. 470:capital gains tax 429:Princess Margaret 344:Sandringham House 289:old master prints 243:Buckingham Palace 169:, which promotes 33:after the annual 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Index


British royal family
Buckingham Palace
Trooping the Colour
finances
British royal family
British government
monarch
Sovereign Grant
Duchies
annuity
Keeper of the Privy Purse
Sovereign Grant Act 2011
civil list
grants-in-aid
Crown Estate
Treasury
wind farm
Civil list
Crown Estate
King George III
the Crown
House of Commons
Great Britain
Diamond Jubilee celebrations in 2012
Republic
republicanism in the United Kingdom
Crown Estate
the Crown
corporation sole

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