What National Audit Office report reveals about royals’ property affairs
1. Princess Beatrice and Princess Eugenie The daughters of Andrew Mountbatten-Windsor, who do not perform royal duties, live rent free in occupied royal palaces. Rent on Beatrice’s St James’s Palace apartment is currently set at 68% of open market value. Rent on Eugenie’s Ivy Cottage at Kensington Palace is set at 64%. King Charles pays both rents out of his private Duchy of Lancaster income, continuing an arrangement made by his mother, Queen Elizabeth II, which is kept under regular review. Re
King footing bill for Beatrice and Eugenie, and Duke and Duchess of Edinburgh subletting among findings
A report that revealed Andrew Mountbatten-Windsor received undisclosed private income from subletting three cottages on his Royal Lodge estate in Windsor while paying a peppercorn rent to the crown estate also shines a spotlight on the property arrangements of other members of the royal family.
The National Audit Office findings include the revelation that King Charles foots the bill for Princess Beatrice and Princess Eugenie’s accommodation in royal palaces, despite both being “non-working royals” (in that they don’t carry out royal duties), and that the Duke and Duchess of Edinburgh also benefited from subletting their crown estate property.
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