| Heading: |
Duchy of Cornwall: Corporation Tax and Capital Gains Tax |
| Question ID: |
1792422 |
| UIN: |
HL6581 |
| House: |
Lords |
| Date tabled: |
2025-04-03 |
| Asking Member ID: |
4885 |
| Asking Member display name: |
Lord Sikka
|
| Asking Member handle: |
premnsikka
|
| Asking Member Twitter reference: |
@premnsikka
|
| Member interest: |
false |
| Question text: |
To ask His Majesty's Government which piece of legislation originally granted exemptions to the Duchy of Cornwall from paying corporation tax and capital gains tax; and what is the monetary value of these exemptions for the last 10 years. |
| Is named day: |
false |
| Date of holding answer: |
|
| Date answered: |
2025-04-11 |
| Date answer corrected: |
|
| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
4559 |
| Answering Member display name: |
Lord Livermore
|
| Answering Member handle: |
|
| Answering Member Twitter reference: |
Lord Livermore
|
| Correcting Member ID: |
|
| Correcting Member display name: |
|
| Correcting Member handle: |
|
| Correcting Member Twitter reference: |
|
| Answer text: |
The Duchy of Cornwall is not liable to pay corporation tax as it is a Crown body subject to Crown exemption. This is a matter of common law. The Prince of Wales receives the annual income generated by the Duchy of Cornwall, but is not entitled to the capi... |
| Original answer text: |
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| Comparable answer text: |
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| Answering body ID: |
14 |
| Answering body name: |
Treasury |
| Tweeted: |
true |