MPs call for Duchy tax exemption investigation

Kashflow logo
0

The Price of Wales’s estate should be investigated because of concerns that the the tax breaks it receives may give it an unfair advantage over commercial rivals, the Public Accounts Committee (PAC) has said.

The committee said that Duchy of Conrnwall’s exemption from CT and CGT may mean that competing businesses do not have a “level playing field”.

The Duchy manages land, properties and makes investment. It reported a total income of £28.8m and a surplus of £19.1m in 2012/13 but didn’t...

Please Login or Register to read the full article

The full article is available to registered AccountingWEB.co.uk members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.

Nick Huber
Freelance journalist
Share this content

Replies

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.