How does the system of Crown Estates work?

Question

In the royal family of Britain, what do they do with crown estates?

thanks

Answer 1

In the United Kingdom, the Crown Estate is a property portfolio associated with the monarchy. Historically the possession of monarchs, it has evolved into a unique institution which transfers its income to the Exchequer, that is to the national government.

The Crown Estate is one of the largest property owners in the United Kingdom with a portfolio worth over £7 billion ($14.35 billion) as of 2007. The majority of the estate by value is urban, including a large number of properties in central London, but the estate also owns 110,000 hectares of agricultural land and forest, and more than 55% of the UK’s foreshore, and retains various other traditional holdings and rights.

The Crown Estate now is a statutory corporation run on commercial lines by the Crown Estate Commissioners under the provisions of the Crown Estate Act 1961. It has a property portfolio of buildings, shoreline, seabed, forestry, agricultural and common land worth almost £6 billion, generating revenue of around £190 million for HM Treasury every year.

Answer 2

Thats easy!  If no one else owns it then it is owned by the crown!  (This even includes the sea bed around our shores!)

Check out this web site to see what its all about - Money!

http://www.thecrownestate.co.uk/annual_r...