Prince Charles Will Lose The Duchy Of Cornwall Soon: Here’s Why

Yes, we know, Prince Charles‘ homes are stunning to say the least, and the gardens around the properties? Let’s just say that it’s very rare for anyone to come across such beauties. But the 73-year-old may have to give it up soon. Here’s why.

Prince William Is Set To Takeover Prince Charles’ Homes Once the Latter Becomes King

Earlier this year, the Queen, already the longest reigning British monarch, became the first to celebrate her Platinum Jubilee. But the Queen isn’t the only one racking up the historical milestones. Did you know that Prince Charles is the longest serving heir to the throne in the history of the British Crown? No? Well, now you do.

As much as he’s enjoyed being the Prince of Wales for many decades, the time for him to take his place in history as one of Britain’s kings is nearing (even though we’re all secretly wishing the Queen will live forever.)

Charles is currently the head of the Duchy of Cornwall, which includes a vast majority of property in the UK and beyond, but will have to pass it on when he becomes King, automatically making William the “eldest surviving son of the monarch”.

The official royal website says of Prince Charles’ possession of the Duchy of Cornwall: “At the age of 21, in 1969, he became entitled to the full income of the Duchy and took over its management.”

Explaining when he would have to pass on the vast property, the website writes: “A charter ruled that each future Duke of Cornwall would be the eldest surviving son of the Monarch and the heir to the throne.”

Amongst the properties owned by the Prince of Wales is his current countryside abode, Highgrove House, developments in Newquay and Poundbury and most of the land which makes up the Isles of Scilly.

When it comes to maintaining the Duchy of Cornwall, Prince Charles takes the success and its smooth running very seriously.

The website reads: “His philosophy is to nurture and improve the estate in order to pass it on to the next generation in a stronger condition.”

While Charles cannot personally benefit from the properties, meaning that he can’t sell them, he pays taxes on the property that benefits the public, charitable and private activities of “The Duke and Duchess of Cornwall, The Duke and Duchess of Cambridge and The Duke and Duchess of Sussex.”

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