The Prince of Wales is one of the biggest taxpayers in the country, a new report has revealed.
Prince William , 43, pays up to £7 million in income tax a year, according to the Sunday Times.
This puts the heir to the throne in the top 0.002 per cent of British taxpayers.
Most of William’s income comes from the £20 million or more he received from the Duchy of Cornwall, a land estate valued at more than £1 billion.
The estate has been inherited by every heir to the English, then British, crown since the 14th century.
It is understood the prince pays the highest marginal rate of tax, 45 per cent, on his personal earnings.
However, he has no legal obligation to do so due to an agreement made between the Treasury and the late Queen Elizabeth II in 2013.
The Duchy of Cornwall is made up of around 3,000 properties in 23 counties in England and Wales and covers around 130,000 to 140,000 acres of land.
It includes, cottages, shops, commercial buildings and coastal rights.
The Sunday Times reports that William can deduct official expenditure from the duchy income before calculating his tax bill.
Which expenses William files as tax deductions from this income has not been made public.
