Revealed: Prince Charles's Secret Property Deals - Including A £38 Million Industrial Carbuncle

[interestrateripoff]

http://www.independent.co.uk/news/uk/home-news/revealed-prince-charless-secret-property-deals--including-a-38-million-industrial-carbuncle-8659596.html

Prince Charles, renowned for his aversion to “monstrous carbuncle” buildings, has spent £38m on an industrial depot in Milton Keynes as part of a £102m series of confidential property deals, The Independent can reveal. The purchase of the vast supermarket warehouse through his estate – one of the single largest acquisitions by the Duchy of Cornwall in its 670-year history – was completed 18 months ago but the Prince’s officials had sought to keep it private.

A recent judicial ruling declared the Duchy to be a “public body” potentially liable to freedom of information rules.

..

Under an arrangement which is now being scrutinised by MPs, the Duchy is exempt from capital gains and corporation tax, saving it millions of pounds a year. Charles voluntarily pays income tax.

An investigation by The Independent has revealed that the Duchy, which is one of Britain’s largest private estates and owns more than 50,000 hectares of land, conducted property transactions worth at least £102m between 2009 and last December.

Any sale or purchase by the Prince worth more than £500,000 must be approved by the Treasury.

How nice of him to volunteer to pay income tax, what a sporting gesture. Is the exception from corporation tax something enshrined in law? He could make a fortune as a tax avoidance scheme for large corporations.

Taxes are for poor people to pay.

[@contradevian]

You just beat me to it IRRO

Prince Charles is the epitomy of the UK rentier model, built on stolen and confiscated land and artificial scarcity, but masquerading under the fraud of a "green" and "sustainable" agenda,

A feudal fraudster on a grand scale.

Edited June 14, 2013 by Secure Tenant